This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $105k initial cash invested.
-5.78%
Cash On Cash
5.65%
Cap Rate
0.84
DSCR
$3,453
Rent
-$504
Cashflow
Cash Flow
$3,453 income − $3,957 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,453
Total Expenses
$3,957
Mortgage P&I
67%
$2,307
Property Taxes
10%
$336
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380