This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $105k initial cash invested.
-5.29%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$3,662
Rent
-$461
Cashflow
Cash Flow
$3,662 income − $4,123 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,460
Closing costs
1%
$4,123
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,662
Total Expenses
$4,123
Mortgage P&I
60%
$2,205
Property Taxes
11%
$410
Home Insurance
4%
$149
HOA
3%
$115
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403