This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $106k initial cash invested.
-1.53%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$3,796
Rent
-$135
Cashflow
Cash Flow
$3,796 income − $3,931 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,780
Closing costs
1%
$4,189
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,796
Total Expenses
$3,931
Mortgage P&I
60%
$2,272
Property Taxes
6%
$220
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418