This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $105k initial cash invested.
-1.99%
Cash On Cash
6.48%
Cap Rate
0.99
DSCR
$3,818
Rent
-$175
Cashflow
Cash Flow
$3,818 income − $3,993 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,260
Closing costs
1%
$4,163
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,818
Total Expenses
$3,993
Mortgage P&I
59%
$2,269
Property Taxes
7%
$276
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420