This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $105k initial cash invested.
-3.86%
Cash On Cash
5.78%
Cap Rate
0.92
DSCR
$4,251
Rent
-$337
Cashflow
Cash Flow
$4,251 income − $4,588 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,520
Closing costs
1%
$4,126
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,251
Total Expenses
$4,588
Mortgage P&I
51%
$2,154
Property Taxes
14%
$591
Home Insurance
3%
$147
HOA
6%
$250
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468