This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $106k initial cash invested.
-2.44%
Cash On Cash
6.36%
Cap Rate
0.97
DSCR
$3,640
Rent
-$215
Cashflow
Cash Flow
$3,640 income − $3,855 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,460
Closing costs
1%
$4,173
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,640
Total Expenses
$3,855
Mortgage P&I
63%
$2,282
Property Taxes
5%
$186
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400