This property looks like a bad Mid-Term investment with a projected -16.84% first-year return on $106k initial cash invested.
-16.84%
Cash On Cash
2.7%
Cap Rate
0.4
DSCR
$2,118
Rent
-$1,489
Cashflow
Cash Flow
$2,118 income − $3,607 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,118
Total Expenses
$3,607
Mortgage P&I
111%
$2,349
Property Taxes
20%
$432
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233