This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $106k initial cash invested.
-3.26%
Cash On Cash
6.2%
Cap Rate
0.94
DSCR
$3,514
Rent
-$287
Cashflow
Cash Flow
$3,514 income − $3,801 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,420
Closing costs
1%
$4,171
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,514
Total Expenses
$3,801
Mortgage P&I
66%
$2,302
Property Taxes
5%
$187
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387