This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $106k initial cash invested.
-2.08%
Cash On Cash
6.03%
Cap Rate
0.98
DSCR
$3,418
Rent
-$184
Cashflow
Cash Flow
$3,418 income − $3,602 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,418
Total Expenses
$3,602
Mortgage P&I
63%
$2,150
Property Taxes
4%
$139
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376