This property looks like a bad Mid-Term investment with a projected -5.42% first-year return on $105k initial cash invested.
-5.42%
Cash On Cash
5.28%
Cap Rate
0.84
DSCR
$3,393
Rent
-$474
Cashflow
Cash Flow
$3,393 income − $3,867 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,740
Closing costs
1%
$4,137
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,393
Total Expenses
$3,867
Mortgage P&I
64%
$2,157
Property Taxes
12%
$416
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373