This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $105k initial cash invested.
-3.05%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$3,788
Rent
-$268
Cashflow
Cash Flow
$3,788 income − $4,056 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,200
Closing costs
1%
$4,160
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$4,056
Mortgage P&I
59%
$2,236
Property Taxes
10%
$386
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417