This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $105k initial cash invested.
-5.92%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$3,332
Rent
-$517
Cashflow
Cash Flow
$3,332 income − $3,849 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,620
Closing costs
1%
$4,131
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,332
Total Expenses
$3,849
Mortgage P&I
69%
$2,287
Property Taxes
7%
$218
Home Insurance
4%
$147
HOA
2%
$64
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367