This property looks like a bad Mid-Term investment with a projected -4.85% first-year return on $105k initial cash invested.
-4.85%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$3,153
Rent
-$422
Cashflow
Cash Flow
$3,153 income − $3,575 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,153
Total Expenses
$3,575
Mortgage P&I
71%
$2,242
Property Taxes
3%
$103
Home Insurance
5%
$144
HOA
0%
$14
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347