This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $105k initial cash invested.
-1.05%
Cash On Cash
6.64%
Cap Rate
1.03
DSCR
$4,198
Rent
-$92
Cashflow
Cash Flow
$4,198 income − $4,290 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,580
Closing costs
1%
$4,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,198
Total Expenses
$4,290
Mortgage P&I
53%
$2,209
Property Taxes
12%
$507
Home Insurance
3%
$146
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462