This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $105k initial cash invested.
-7.55%
Cash On Cash
4.54%
Cap Rate
0.74
DSCR
$2,619
Rent
-$662
Cashflow
Cash Flow
$2,619 income − $3,281 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,060
Closing costs
1%
$4,153
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,619
Total Expenses
$3,281
Mortgage P&I
81%
$2,127
Property Taxes
4%
$110
Home Insurance
6%
$153
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288