This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $106k initial cash invested.
-1.6%
Cash On Cash
6.45%
Cap Rate
1.01
DSCR
$4,125
Rent
-$141
Cashflow
Cash Flow
$4,125 income − $4,266 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,125
Total Expenses
$4,266
Mortgage P&I
54%
$2,225
Property Taxes
12%
$489
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454