This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $106k initial cash invested.
-3.24%
Cash On Cash
6.37%
Cap Rate
0.95
DSCR
$3,988
Rent
-$286
Cashflow
Cash Flow
$3,988 income − $4,274 expenses = $286 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
$3,988
Total Expenses
$4,274
Mortgage P&I
59%
$2,350
Property Taxes
10%
$417
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439