This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $105k initial cash invested.
-4.63%
Cash On Cash
5.66%
Cap Rate
0.88
DSCR
$3,735
Rent
-$404
Cashflow
Cash Flow
$3,735 income − $4,139 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,735
Total Expenses
$4,139
Mortgage P&I
59%
$2,199
Property Taxes
14%
$522
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411