This property looks like a bad Mid-Term investment with a projected -1.67% first-year return on $106k initial cash invested.
-1.67%
Cash On Cash
6.83%
Cap Rate
1.01
DSCR
$4,215
Rent
-$147
Cashflow
Cash Flow
$4,215 income − $4,362 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,540
Closing costs
1%
$4,177
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,215
Total Expenses
$4,362
Mortgage P&I
56%
$2,355
Property Taxes
10%
$433
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464