This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $105k initial cash invested.
-6.1%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$4,004
Rent
-$532
Cashflow
Cash Flow
$4,004 income − $4,536 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,004
Total Expenses
$4,536
Mortgage P&I
55%
$2,216
Property Taxes
20%
$785
Home Insurance
4%
$147
HOA
1%
$28
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440