This property looks like a bad Mid-Term investment with a projected -10.29% first-year return on $106k initial cash invested.
-10.29%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$2,620
Rent
-$910
Cashflow
Cash Flow
$2,620 income − $3,530 expenses = $910 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%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$3,530
Mortgage P&I
88%
$2,303
Property Taxes
6%
$162
Home Insurance
7%
$174
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288