This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $105k initial cash invested.
-3.71%
Cash On Cash
5.92%
Cap Rate
0.92
DSCR
$3,524
Rent
-$326
Cashflow
Cash Flow
$3,524 income − $3,850 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$3,850
Mortgage P&I
63%
$2,236
Property Taxes
8%
$285
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388