This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $105k initial cash invested.
-2.79%
Cash On Cash
6.11%
Cap Rate
0.96
DSCR
$3,678
Rent
-$245
Cashflow
Cash Flow
$3,678 income − $3,923 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,060
Closing costs
1%
$4,153
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,678
Total Expenses
$3,923
Mortgage P&I
60%
$2,213
Property Taxes
9%
$338
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405