This property looks like a bad Mid-Term investment with a projected -8.16% first-year return on $106k initial cash invested.
-8.16%
Cash On Cash
4.95%
Cap Rate
0.74
DSCR
$2,902
Rent
-$719
Cashflow
Cash Flow
$2,902 income − $3,621 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,500
Closing costs
1%
$4,175
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,902
Total Expenses
$3,621
Mortgage P&I
80%
$2,326
Property Taxes
5%
$157
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319