This property looks like a bad Mid-Term investment with a projected -2.58% first-year return on $105k initial cash invested.
-2.58%
Cash On Cash
6.26%
Cap Rate
0.98
DSCR
$4,250
Rent
-$225
Cashflow
Cash Flow
$4,250 income − $4,475 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,460
Closing costs
1%
$4,123
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,250
Total Expenses
$4,475
Mortgage P&I
52%
$2,206
Property Taxes
16%
$673
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468