This property looks like a bad Mid-Term investment with a projected -15.12% first-year return on $106k initial cash invested.
-15.12%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$2,956
Rent
-$1,334
Cashflow
Cash Flow
$2,956 income − $4,290 expenses = $1,334 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%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$4,290
Mortgage P&I
78%
$2,304
Property Taxes
24%
$712
Home Insurance
5%
$149
HOA
4%
$120
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325