This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $105k initial cash invested.
-5.91%
Cash On Cash
5.07%
Cap Rate
0.83
DSCR
$3,834
Rent
-$518
Cashflow
Cash Flow
$3,834 income − $4,352 expenses = $518 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%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,834
Total Expenses
$4,352
Mortgage P&I
55%
$2,118
Property Taxes
21%
$786
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422