This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $106k initial cash invested.
-2.39%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$3,513
Rent
-$211
Cashflow
Cash Flow
$3,513 income − $3,724 expenses = $211 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%
$83,760
Closing costs
1%
$4,188
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,513
Total Expenses
$3,724
Mortgage P&I
62%
$2,163
Property Taxes
6%
$217
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$386