This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $105k initial cash invested.
-3.88%
Cash On Cash
5.82%
Cap Rate
0.91
DSCR
$3,606
Rent
-$340
Cashflow
Cash Flow
$3,606 income − $3,946 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,880
Closing costs
1%
$4,144
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$3,946
Mortgage P&I
61%
$2,205
Property Taxes
10%
$370
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397