This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $106k initial cash invested.
-3.85%
Cash On Cash
5.51%
Cap Rate
0.9
DSCR
$3,327
Rent
-$340
Cashflow
Cash Flow
$3,327 income − $3,667 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,840
Closing costs
1%
$4,192
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$3,667
Mortgage P&I
64%
$2,133
Property Taxes
8%
$258
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366