This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $106k initial cash invested.
-12.04%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$3,320
Rent
-$1,060
Cashflow
Cash Flow
$3,320 income − $4,380 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,480
Closing costs
1%
$4,174
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$4,380
Mortgage P&I
68%
$2,249
Property Taxes
26%
$853
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365