This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $105k initial cash invested.
-2.98%
Cash On Cash
6.23%
Cap Rate
0.95
DSCR
$3,970
Rent
-$260
Cashflow
Cash Flow
$3,970 income − $4,230 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,440
Closing costs
1%
$4,122
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,970
Total Expenses
$4,230
Mortgage P&I
56%
$2,241
Property Taxes
12%
$492
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437