This property looks like a bad Mid-Term investment with a projected -3.55% first-year return on $106k initial cash invested.
-3.55%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$3,338
Rent
-$313
Cashflow
Cash Flow
$3,338 income − $3,651 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,760
Closing costs
1%
$4,188
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$3,651
Mortgage P&I
68%
$2,286
Property Taxes
2%
$68
Home Insurance
5%
$153
HOA
0%
$8
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367