This property looks like a bad Mid-Term investment with a projected -14.8% first-year return on $105k initial cash invested.
-14.8%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$2,526
Rent
-$1,300
Cashflow
Cash Flow
$2,526 income − $3,826 expenses = $1,300 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,260
Closing costs
1%
$4,163
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,526
Total Expenses
$3,826
Mortgage P&I
90%
$2,268
Property Taxes
23%
$577
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278