This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $105k initial cash invested.
-10.81%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$2,494
Rent
-$942
Cashflow
Cash Flow
$2,494 income − $3,436 expenses = $942 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%
$82,440
Closing costs
1%
$4,122
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,494
Total Expenses
$3,436
Mortgage P&I
90%
$2,242
Property Taxes
8%
$188
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274