This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $106k initial cash invested.
-8.99%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$2,970
Rent
-$794
Cashflow
Cash Flow
$2,970 income − $3,764 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,760
Closing costs
1%
$4,188
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,764
Mortgage P&I
78%
$2,314
Property Taxes
10%
$286
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327