This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $105k initial cash invested.
-8.47%
Cash On Cash
4.34%
Cap Rate
0.7
DSCR
$2,722
Rent
-$742
Cashflow
Cash Flow
$2,722 income − $3,464 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,722
Total Expenses
$3,464
Mortgage P&I
78%
$2,135
Property Taxes
9%
$256
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299