This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $105k initial cash invested.
-6.85%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$2,998
Rent
-$600
Cashflow
Cash Flow
$2,998 income − $3,598 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$3,598
Mortgage P&I
76%
$2,265
Property Taxes
5%
$148
Home Insurance
5%
$145
HOA
1%
$20
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330