This property looks like a bad Mid-Term investment with a projected -6.52% first-year return on $106k initial cash invested.
-6.52%
Cash On Cash
5.09%
Cap Rate
0.8
DSCR
$3,150
Rent
-$576
Cashflow
Cash Flow
$3,150 income − $3,726 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,780
Closing costs
1%
$4,189
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,726
Mortgage P&I
71%
$2,228
Property Taxes
8%
$253
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346