This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $106k initial cash invested.
-7.21%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$3,426
Rent
-$637
Cashflow
Cash Flow
$3,426 income − $4,063 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,426
Total Expenses
$4,063
Mortgage P&I
67%
$2,286
Property Taxes
14%
$463
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377