This property looks like a bad Mid-Term investment with a projected -15.3% first-year return on $105k initial cash invested.
-15.3%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,308
Rent
-$1,341
Cashflow
Cash Flow
$2,308 income − $3,649 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,308
Total Expenses
$3,649
Mortgage P&I
99%
$2,286
Property Taxes
18%
$415
Home Insurance
6%
$145
HOA
1%
$19
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254