This property looks like a bad Mid-Term investment with a projected -5.97% first-year return on $105k initial cash invested.
-5.97%
Cash On Cash
4.98%
Cap Rate
0.81
DSCR
$2,967
Rent
-$525
Cashflow
Cash Flow
$2,967 income − $3,492 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,320
Closing costs
1%
$4,166
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,967
Total Expenses
$3,492
Mortgage P&I
72%
$2,136
Property Taxes
7%
$198
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326