This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $106k initial cash invested.
-0.63%
Cash On Cash
7%
Cap Rate
1.05
DSCR
$4,167
Rent
-$55
Cashflow
Cash Flow
$4,167 income − $4,222 expenses = $55 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%
$83,380
Closing costs
1%
$4,169
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,167
Total Expenses
$4,222
Mortgage P&I
56%
$2,321
Property Taxes
8%
$337
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458