This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $105k initial cash invested.
-10.76%
Cash On Cash
3.85%
Cap Rate
0.61
DSCR
$2,646
Rent
-$943
Cashflow
Cash Flow
$2,646 income − $3,589 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,646
Total Expenses
$3,589
Mortgage P&I
82%
$2,167
Property Taxes
14%
$377
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291