This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $105k initial cash invested.
-1.53%
Cash On Cash
6.48%
Cap Rate
1
DSCR
$3,568
Rent
-$134
Cashflow
Cash Flow
$3,568 income − $3,702 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,568
Total Expenses
$3,702
Mortgage P&I
63%
$2,231
Property Taxes
3%
$113
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392