This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $106k initial cash invested.
-3.82%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$3,466
Rent
-$336
Cashflow
Cash Flow
$3,466 income − $3,802 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,500
Closing costs
1%
$4,175
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,466
Total Expenses
$3,802
Mortgage P&I
66%
$2,276
Property Taxes
6%
$198
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381