This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $106k initial cash invested.
-3.01%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$3,900
Rent
-$265
Cashflow
Cash Flow
$3,900 income − $4,165 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,440
Closing costs
1%
$4,172
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,900
Total Expenses
$4,165
Mortgage P&I
59%
$2,287
Property Taxes
10%
$405
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429