This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $106k initial cash invested.
-6.14%
Cash On Cash
5.53%
Cap Rate
0.82
DSCR
$3,308
Rent
-$540
Cashflow
Cash Flow
$3,308 income − $3,848 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,340
Closing costs
1%
$4,167
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,308
Total Expenses
$3,848
Mortgage P&I
70%
$2,329
Property Taxes
7%
$245
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364