This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $105k initial cash invested.
-1.8%
Cash On Cash
6.67%
Cap Rate
1
DSCR
$4,172
Rent
-$158
Cashflow
Cash Flow
$4,172 income − $4,330 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,040
Closing costs
1%
$4,152
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,172
Total Expenses
$4,330
Mortgage P&I
55%
$2,299
Property Taxes
11%
$467
Home Insurance
3%
$145
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459