This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $105k initial cash invested.
-2.31%
Cash On Cash
5.9%
Cap Rate
0.97
DSCR
$3,382
Rent
-$202
Cashflow
Cash Flow
$3,382 income − $3,584 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,382
Total Expenses
$3,584
Mortgage P&I
62%
$2,107
Property Taxes
4%
$143
Home Insurance
4%
$145
HOA
1%
$40
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372