This property looks like a bad Mid-Term investment with a projected -6.13% first-year return on $106k initial cash invested.
-6.13%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$3,147
Rent
-$541
Cashflow
Cash Flow
$3,147 income − $3,688 expenses = $541 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
$3,147
Total Expenses
$3,688
Mortgage P&I
74%
$2,333
Property Taxes
4%
$138
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346