This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $105k initial cash invested.
-9.57%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,691
Rent
-$840
Cashflow
Cash Flow
$2,691 income − $3,531 expenses = $840 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,140
Closing costs
1%
$4,157
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$3,531
Mortgage P&I
83%
$2,241
Property Taxes
8%
$227
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296