This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $106k initial cash invested.
-5.94%
Cash On Cash
5.45%
Cap Rate
0.84
DSCR
$3,790
Rent
-$524
Cashflow
Cash Flow
$3,790 income − $4,314 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,790
Total Expenses
$4,314
Mortgage P&I
60%
$2,275
Property Taxes
16%
$600
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417