This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $105k initial cash invested.
-7.02%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$3,190
Rent
-$615
Cashflow
Cash Flow
$3,190 income − $3,805 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,190
Total Expenses
$3,805
Mortgage P&I
71%
$2,256
Property Taxes
10%
$318
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351