This property looks like a bad Mid-Term investment with a projected -9.44% first-year return on $105k initial cash invested.
-9.44%
Cash On Cash
4.05%
Cap Rate
0.66
DSCR
$2,487
Rent
-$827
Cashflow
Cash Flow
$2,487 income − $3,314 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,487
Total Expenses
$3,314
Mortgage P&I
86%
$2,129
Property Taxes
8%
$195
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274