This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $105k initial cash invested.
-11.25%
Cash On Cash
3.65%
Cap Rate
0.58
DSCR
$2,036
Rent
-$986
Cashflow
Cash Flow
$2,036 income − $3,022 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,036
Total Expenses
$3,022
Mortgage P&I
106%
$2,167
Property Taxes
1%
$19
Home Insurance
7%
$145
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224