This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $105k initial cash invested.
-4.84%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$3,566
Rent
-$423
Cashflow
Cash Flow
$3,566 income − $3,989 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$3,989
Mortgage P&I
62%
$2,225
Property Taxes
11%
$401
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392