This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $105k initial cash invested.
-4.02%
Cash On Cash
5.93%
Cap Rate
0.91
DSCR
$3,690
Rent
-$353
Cashflow
Cash Flow
$3,690 income − $4,043 expenses = $353 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,100
Closing costs
1%
$4,155
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,690
Total Expenses
$4,043
Mortgage P&I
61%
$2,258
Property Taxes
10%
$380
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406