This property looks like a bad Mid-Term investment with a projected -2.13% first-year return on $105k initial cash invested.
-2.13%
Cash On Cash
6.38%
Cap Rate
0.99
DSCR
$4,066
Rent
-$187
Cashflow
Cash Flow
$4,066 income − $4,253 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,066
Total Expenses
$4,253
Mortgage P&I
55%
$2,237
Property Taxes
11%
$467
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447