This property looks like a bad Mid-Term investment with a projected -3.72% first-year return on $105k initial cash invested.
-3.72%
Cash On Cash
5.99%
Cap Rate
0.92
DSCR
$3,356
Rent
-$326
Cashflow
Cash Flow
$3,356 income − $3,682 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,356
Total Expenses
$3,682
Mortgage P&I
67%
$2,265
Property Taxes
4%
$131
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369