This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $105k initial cash invested.
-0.91%
Cash On Cash
6.93%
Cap Rate
1.04
DSCR
$4,478
Rent
-$80
Cashflow
Cash Flow
$4,478 income − $4,558 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,478
Total Expenses
$4,558
Mortgage P&I
51%
$2,303
Property Taxes
12%
$558
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493