This property looks like a bad Mid-Term investment with a projected -7% first-year return on $105k initial cash invested.
-7%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$3,248
Rent
-$615
Cashflow
Cash Flow
$3,248 income − $3,863 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,248
Total Expenses
$3,863
Mortgage P&I
70%
$2,285
Property Taxes
10%
$325
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357