This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $106k initial cash invested.
-5.39%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$4,154
Rent
-$476
Cashflow
Cash Flow
$4,154 income − $4,630 expenses = $476 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%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,154
Total Expenses
$4,630
Mortgage P&I
54%
$2,241
Property Taxes
20%
$827
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457