This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $106k initial cash invested.
-1.56%
Cash On Cash
6.53%
Cap Rate
1.01
DSCR
$4,244
Rent
-$138
Cashflow
Cash Flow
$4,244 income − $4,382 expenses = $138 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%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,244
Total Expenses
$4,382
Mortgage P&I
53%
$2,245
Property Taxes
13%
$545
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467