This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $105k initial cash invested.
-7.63%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$3,090
Rent
-$666
Cashflow
Cash Flow
$3,090 income − $3,756 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,660
Closing costs
1%
$4,133
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$3,756
Mortgage P&I
68%
$2,116
Property Taxes
14%
$430
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340