This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $106k initial cash invested.
-5.06%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$3,950
Rent
-$447
Cashflow
Cash Flow
$3,950 income − $4,397 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,950
Total Expenses
$4,397
Mortgage P&I
54%
$2,137
Property Taxes
20%
$778
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434