This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $106k initial cash invested.
-0.78%
Cash On Cash
6.36%
Cap Rate
1.03
DSCR
$3,588
Rent
-$69
Cashflow
Cash Flow
$3,588 income − $3,657 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,860
Closing costs
1%
$4,193
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,588
Total Expenses
$3,657
Mortgage P&I
60%
$2,147
Property Taxes
4%
$138
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395