This property looks like a bad Mid-Term investment with a projected -10.35% first-year return on $105k initial cash invested.
-10.35%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,684
Rent
-$904
Cashflow
Cash Flow
$2,684 income − $3,588 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,720
Closing costs
1%
$4,136
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$3,588
Mortgage P&I
85%
$2,285
Property Taxes
9%
$242
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295