This property looks like a bad Mid-Term investment with a projected -10.53% first-year return on $105k initial cash invested.
-10.53%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$2,746
Rent
-$923
Cashflow
Cash Flow
$2,746 income − $3,669 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,746
Total Expenses
$3,669
Mortgage P&I
84%
$2,300
Property Taxes
10%
$288
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302