This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $106k initial cash invested.
-2.01%
Cash On Cash
6.37%
Cap Rate
0.99
DSCR
$3,723
Rent
-$177
Cashflow
Cash Flow
$3,723 income − $3,900 expenses = $177 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%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$3,900
Mortgage P&I
60%
$2,250
Property Taxes
6%
$234
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410