This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $106k initial cash invested.
-5.68%
Cash On Cash
5.47%
Cap Rate
0.84
DSCR
$3,318
Rent
-$500
Cashflow
Cash Flow
$3,318 income − $3,818 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,440
Closing costs
1%
$4,172
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,318
Total Expenses
$3,818
Mortgage P&I
68%
$2,267
Property Taxes
8%
$272
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365