This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $105k initial cash invested.
-5.44%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$3,507
Rent
-$475
Cashflow
Cash Flow
$3,507 income − $3,982 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,507
Total Expenses
$3,982
Mortgage P&I
64%
$2,228
Property Taxes
9%
$311
Home Insurance
3%
$116
HOA
4%
$135
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386