This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $105k initial cash invested.
-1.27%
Cash On Cash
6.16%
Cap Rate
1.01
DSCR
$3,334
Rent
-$111
Cashflow
Cash Flow
$3,334 income − $3,445 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,420
Closing costs
1%
$4,121
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,334
Total Expenses
$3,445
Mortgage P&I
63%
$2,093
Property Taxes
2%
$72
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367