This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $105k initial cash invested.
-4.84%
Cash On Cash
5.22%
Cap Rate
0.86
DSCR
$3,268
Rent
-$424
Cashflow
Cash Flow
$3,268 income − $3,692 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,880
Closing costs
1%
$4,144
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,268
Total Expenses
$3,692
Mortgage P&I
64%
$2,095
Property Taxes
10%
$341
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359