This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $105k initial cash invested.
-3.2%
Cash On Cash
6.32%
Cap Rate
0.94
DSCR
$3,624
Rent
-$280
Cashflow
Cash Flow
$3,624 income − $3,904 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,940
Closing costs
1%
$4,147
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,624
Total Expenses
$3,904
Mortgage P&I
64%
$2,318
Property Taxes
4%
$154
Home Insurance
4%
$149
HOA
1%
$50
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399