This property looks like a bad Mid-Term investment with a projected -4.3% first-year return on $105k initial cash invested.
-4.3%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$3,888
Rent
-$375
Cashflow
Cash Flow
$3,888 income − $4,263 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,420
Closing costs
1%
$4,121
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$4,263
Mortgage P&I
58%
$2,259
Property Taxes
10%
$387
Home Insurance
4%
$147
HOA
4%
$146
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428