This property looks like a bad Mid-Term investment with a projected -11.23% first-year return on $106k initial cash invested.
-11.23%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$2,445
Rent
-$992
Cashflow
Cash Flow
$2,445 income − $3,437 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,840
Closing costs
1%
$4,192
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,445
Total Expenses
$3,437
Mortgage P&I
96%
$2,341
Property Taxes
5%
$116
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269