This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $106k initial cash invested.
-2.27%
Cash On Cash
6.35%
Cap Rate
0.98
DSCR
$3,594
Rent
-$200
Cashflow
Cash Flow
$3,594 income − $3,794 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,680
Closing costs
1%
$4,184
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,594
Total Expenses
$3,794
Mortgage P&I
63%
$2,271
Property Taxes
4%
$154
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395