This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $105k initial cash invested.
-8.59%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$2,644
Rent
-$754
Cashflow
Cash Flow
$2,644 income − $3,398 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,120
Closing costs
1%
$4,156
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,644
Total Expenses
$3,398
Mortgage P&I
80%
$2,105
Property Taxes
9%
$244
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291