This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $105k initial cash invested.
-1.48%
Cash On Cash
6.26%
Cap Rate
1
DSCR
$3,477
Rent
-$130
Cashflow
Cash Flow
$3,477 income − $3,607 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,100
Closing costs
1%
$4,155
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,477
Total Expenses
$3,607
Mortgage P&I
62%
$2,160
Property Taxes
3%
$116
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382