This property looks like a bad Mid-Term investment with a projected -8.57% first-year return on $105k initial cash invested.
-8.57%
Cash On Cash
4.9%
Cap Rate
0.73
DSCR
$3,220
Rent
-$750
Cashflow
Cash Flow
$3,220 income − $3,970 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,840
Closing costs
1%
$4,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$3,970
Mortgage P&I
72%
$2,314
Property Taxes
12%
$396
Home Insurance
5%
$148
HOA
1%
$17
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354