This property looks like a bad Mid-Term investment with a projected -0.51% first-year return on $105k initial cash invested.
-0.51%
Cash On Cash
6.84%
Cap Rate
1.05
DSCR
$3,982
Rent
-$45
Cashflow
Cash Flow
$3,982 income − $4,027 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,982
Total Expenses
$4,027
Mortgage P&I
57%
$2,252
Property Taxes
6%
$240
Home Insurance
4%
$147
HOA
1%
$35
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438