This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $105k initial cash invested.
-5.63%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$3,322
Rent
-$493
Cashflow
Cash Flow
$3,322 income − $3,815 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$3,815
Mortgage P&I
68%
$2,258
Property Taxes
8%
$282
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365