This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $106k initial cash invested.
-7.42%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$3,064
Rent
-$655
Cashflow
Cash Flow
$3,064 income − $3,719 expenses = $655 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%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$3,719
Mortgage P&I
76%
$2,342
Property Taxes
6%
$187
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337