This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $105k initial cash invested.
-3.47%
Cash On Cash
5.87%
Cap Rate
0.93
DSCR
$3,663
Rent
-$303
Cashflow
Cash Flow
$3,663 income − $3,966 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,663
Total Expenses
$3,966
Mortgage P&I
59%
$2,176
Property Taxes
8%
$298
Home Insurance
7%
$245
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403