This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $105k initial cash invested.
-2.64%
Cash On Cash
5.97%
Cap Rate
0.96
DSCR
$3,504
Rent
-$231
Cashflow
Cash Flow
$3,504 income − $3,735 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,780
Closing costs
1%
$4,139
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$3,735
Mortgage P&I
61%
$2,151
Property Taxes
7%
$249
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385