This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $105k initial cash invested.
-2.76%
Cash On Cash
5.72%
Cap Rate
0.95
DSCR
$3,512
Rent
-$242
Cashflow
Cash Flow
$3,512 income − $3,754 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,512
Total Expenses
$3,754
Mortgage P&I
59%
$2,079
Property Taxes
10%
$338
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386