This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $105k initial cash invested.
-5.57%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$3,764
Rent
-$488
Cashflow
Cash Flow
$3,764 income − $4,252 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,940
Closing costs
1%
$4,147
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,764
Total Expenses
$4,252
Mortgage P&I
61%
$2,304
Property Taxes
14%
$518
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414