This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $106k initial cash invested.
-4.78%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$3,636
Rent
-$421
Cashflow
Cash Flow
$3,636 income − $4,057 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,560
Closing costs
1%
$4,178
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,636
Total Expenses
$4,057
Mortgage P&I
62%
$2,257
Property Taxes
11%
$415
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400