This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $105k initial cash invested.
-3.69%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$3,486
Rent
-$324
Cashflow
Cash Flow
$3,486 income − $3,810 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,300
Closing costs
1%
$4,165
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$3,810
Mortgage P&I
66%
$2,285
Property Taxes
6%
$192
Home Insurance
4%
$147
HOA
0%
$2
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383