This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $105k initial cash invested.
-7.02%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,176
Rent
-$615
Cashflow
Cash Flow
$3,176 income − $3,791 expenses = $615 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%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,791
Mortgage P&I
72%
$2,275
Property Taxes
9%
$297
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349