This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $105k initial cash invested.
-4.35%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$3,480
Rent
-$379
Cashflow
Cash Flow
$3,480 income − $3,859 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,440
Closing costs
1%
$4,122
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$3,859
Mortgage P&I
65%
$2,252
Property Taxes
8%
$262
Home Insurance
4%
$144
HOA
1%
$18
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383