This property looks like a bad Mid-Term investment with a projected -5.79% first-year return on $105k initial cash invested.
-5.79%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$3,348
Rent
-$506
Cashflow
Cash Flow
$3,348 income − $3,854 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$3,854
Mortgage P&I
68%
$2,271
Property Taxes
9%
$298
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368