This property looks like a bad Mid-Term investment with a projected -4.44% first-year return on $105k initial cash invested.
-4.44%
Cash On Cash
5.43%
Cap Rate
0.89
DSCR
$4,107
Rent
-$387
Cashflow
Cash Flow
$4,107 income − $4,494 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$4,494
Mortgage P&I
51%
$2,087
Property Taxes
21%
$862
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452