This property looks like a bad Mid-Term investment with a projected -1.72% first-year return on $106k initial cash invested.
-1.72%
Cash On Cash
6.3%
Cap Rate
1.01
DSCR
$4,074
Rent
-$152
Cashflow
Cash Flow
$4,074 income − $4,226 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,074
Total Expenses
$4,226
Mortgage P&I
54%
$2,186
Property Taxes
2%
$74
Home Insurance
4%
$146
HOA
11%
$435
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448