This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $105k initial cash invested.
-3.24%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$4,263
Rent
-$283
Cashflow
Cash Flow
$4,263 income − $4,546 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,740
Closing costs
1%
$4,137
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,263
Total Expenses
$4,546
Mortgage P&I
52%
$2,227
Property Taxes
17%
$721
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469