This property looks like a bad Mid-Term investment with a projected -8.87% first-year return on $106k initial cash invested.
-8.87%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$2,992
Rent
-$782
Cashflow
Cash Flow
$2,992 income − $3,774 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,560
Closing costs
1%
$4,178
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,992
Total Expenses
$3,774
Mortgage P&I
77%
$2,289
Property Taxes
11%
$336
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329