This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $105k initial cash invested.
-3.98%
Cash On Cash
5.9%
Cap Rate
0.91
DSCR
$3,531
Rent
-$349
Cashflow
Cash Flow
$3,531 income − $3,880 expenses = $349 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%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,531
Total Expenses
$3,880
Mortgage P&I
64%
$2,248
Property Taxes
8%
$275
Home Insurance
4%
$145
HOA
0%
$12
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388