This property looks like a bad Mid-Term investment with a projected -16.14% first-year return on $105k initial cash invested.
-16.14%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$1,982
Rent
-$1,414
Cashflow
Cash Flow
$1,982 income − $3,396 expenses = $1,414 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,982
Total Expenses
$3,396
Mortgage P&I
117%
$2,314
Property Taxes
13%
$264
Home Insurance
7%
$145
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218