This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $105k initial cash invested.
-6.63%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$4,026
Rent
-$578
Cashflow
Cash Flow
$4,026 income − $4,604 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,420
Closing costs
1%
$4,121
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,026
Total Expenses
$4,604
Mortgage P&I
57%
$2,305
Property Taxes
18%
$716
Home Insurance
4%
$147
HOA
2%
$67
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443