This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $105k initial cash invested.
-10.9%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$2,868
Rent
-$956
Cashflow
Cash Flow
$2,868 income − $3,824 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,080
Closing costs
1%
$4,154
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$3,824
Mortgage P&I
79%
$2,278
Property Taxes
15%
$424
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315