This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $105k initial cash invested.
-1.58%
Cash On Cash
6.45%
Cap Rate
1.01
DSCR
$3,824
Rent
-$139
Cashflow
Cash Flow
$3,824 income − $3,963 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,160
Closing costs
1%
$4,158
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$3,963
Mortgage P&I
58%
$2,220
Property Taxes
7%
$267
Home Insurance
4%
$149
HOA
1%
$26
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421