This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $105k initial cash invested.
-11.53%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$2,643
Rent
-$1,005
Cashflow
Cash Flow
$2,643 income − $3,648 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$3,648
Mortgage P&I
79%
$2,093
Property Taxes
17%
$451
Home Insurance
8%
$205
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291