This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $105k initial cash invested.
-4.7%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$3,342
Rent
-$412
Cashflow
Cash Flow
$3,342 income − $3,754 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,940
Closing costs
1%
$4,147
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,342
Total Expenses
$3,754
Mortgage P&I
68%
$2,285
Property Taxes
5%
$183
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368