This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $106k initial cash invested.
-1.13%
Cash On Cash
6.24%
Cap Rate
1.02
DSCR
$3,524
Rent
-$99
Cashflow
Cash Flow
$3,524 income − $3,623 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,400
Closing costs
1%
$4,170
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$3,623
Mortgage P&I
60%
$2,125
Property Taxes
4%
$150
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388