This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $105k initial cash invested.
-1.81%
Cash On Cash
6.17%
Cap Rate
1.01
DSCR
$4,314
Rent
-$159
Cashflow
Cash Flow
$4,314 income − $4,473 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,314
Total Expenses
$4,473
Mortgage P&I
49%
$2,121
Property Taxes
17%
$739
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$129
Maintenance
4%
$173
Other
11%
$475