This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $105k initial cash invested.
-5.63%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,495
Rent
-$494
Cashflow
Cash Flow
$3,495 income − $3,989 expenses = $494 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%
$83,080
Closing costs
1%
$4,154
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$3,989
Mortgage P&I
65%
$2,267
Property Taxes
11%
$390
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384