This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $106k initial cash invested.
-4.39%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$3,640
Rent
-$387
Cashflow
Cash Flow
$3,640 income − $4,027 expenses = $387 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%
$83,680
Closing costs
1%
$4,184
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,640
Total Expenses
$4,027
Mortgage P&I
63%
$2,306
Property Taxes
9%
$310
Home Insurance
5%
$166
HOA
0%
$7
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400