This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $106k initial cash invested.
-5.17%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$3,110
Rent
-$456
Cashflow
Cash Flow
$3,110 income − $3,566 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$3,566
Mortgage P&I
73%
$2,255
Property Taxes
3%
$106
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342