This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $105k initial cash invested.
-0.66%
Cash On Cash
6.44%
Cap Rate
1.04
DSCR
$3,700
Rent
-$58
Cashflow
Cash Flow
$3,700 income − $3,758 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,700
Total Expenses
$3,758
Mortgage P&I
58%
$2,138
Property Taxes
6%
$217
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407