This property looks like a bad Mid-Term investment with a projected -2.81% first-year return on $105k initial cash invested.
-2.81%
Cash On Cash
6.46%
Cap Rate
0.96
DSCR
$3,696
Rent
-$245
Cashflow
Cash Flow
$3,696 income − $3,941 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,620
Closing costs
1%
$4,131
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,696
Total Expenses
$3,941
Mortgage P&I
63%
$2,320
Property Taxes
6%
$214
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407