This property looks like a bad Mid-Term investment with a projected -8.12% first-year return on $105k initial cash invested.
-8.12%
Cash On Cash
4.31%
Cap Rate
0.72
DSCR
$3,070
Rent
-$707
Cashflow
Cash Flow
$3,070 income − $3,777 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,777
Mortgage P&I
67%
$2,064
Property Taxes
18%
$538
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338