This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $105k initial cash invested.
-8.08%
Cash On Cash
5.25%
Cap Rate
0.76
DSCR
$3,357
Rent
-$708
Cashflow
Cash Flow
$3,357 income − $4,065 expenses = $708 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,060
Closing costs
1%
$4,153
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$4,065
Mortgage P&I
71%
$2,391
Property Taxes
11%
$383
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369