This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $106k initial cash invested.
-3.8%
Cash On Cash
5.74%
Cap Rate
0.92
DSCR
$3,843
Rent
-$336
Cashflow
Cash Flow
$3,843 income − $4,179 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,820
Closing costs
1%
$4,191
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,843
Total Expenses
$4,179
Mortgage P&I
57%
$2,188
Property Taxes
14%
$534
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423