This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $106k initial cash invested.
-5.36%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$3,633
Rent
-$472
Cashflow
Cash Flow
$3,633 income − $4,105 expenses = $472 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%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$4,105
Mortgage P&I
63%
$2,289
Property Taxes
12%
$432
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400