This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $105k initial cash invested.
-4.2%
Cash On Cash
5.97%
Cap Rate
0.91
DSCR
$3,850
Rent
-$366
Cashflow
Cash Flow
$3,850 income − $4,216 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$4,216
Mortgage P&I
59%
$2,262
Property Taxes
12%
$470
Home Insurance
4%
$149
HOA
1%
$25
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424