This property looks like a bad Mid-Term investment with a projected -10.78% first-year return on $105k initial cash invested.
-10.78%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$2,642
Rent
-$947
Cashflow
Cash Flow
$2,642 income − $3,589 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,280
Closing costs
1%
$4,164
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$3,589
Mortgage P&I
84%
$2,225
Property Taxes
12%
$315
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291