This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $105k initial cash invested.
-2.63%
Cash On Cash
6.42%
Cap Rate
0.97
DSCR
$4,178
Rent
-$230
Cashflow
Cash Flow
$4,178 income − $4,408 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,840
Closing costs
1%
$4,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,178
Total Expenses
$4,408
Mortgage P&I
55%
$2,279
Property Taxes
13%
$540
Home Insurance
4%
$149
HOA
0%
$20
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460