This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $105k initial cash invested.
-7.3%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$3,255
Rent
-$640
Cashflow
Cash Flow
$3,255 income − $3,895 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,120
Closing costs
1%
$4,156
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$3,895
Mortgage P&I
70%
$2,266
Property Taxes
10%
$340
Home Insurance
5%
$147
HOA
1%
$35
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358