This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $105k initial cash invested.
-3.31%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$3,760
Rent
-$290
Cashflow
Cash Flow
$3,760 income − $4,050 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,760
Total Expenses
$4,050
Mortgage P&I
60%
$2,241
Property Taxes
10%
$384
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414