This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $105k initial cash invested.
-2.99%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$3,606
Rent
-$262
Cashflow
Cash Flow
$3,606 income − $3,868 expenses = $262 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
$3,606
Total Expenses
$3,868
Mortgage P&I
62%
$2,239
Property Taxes
7%
$258
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397