This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $105k initial cash invested.
-5.23%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$3,177
Rent
-$457
Cashflow
Cash Flow
$3,177 income − $3,634 expenses = $457 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%
$82,700
Closing costs
1%
$4,135
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,177
Total Expenses
$3,634
Mortgage P&I
71%
$2,257
Property Taxes
3%
$102
Home Insurance
6%
$175
HOA
1%
$21
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349