This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $105k initial cash invested.
-6.22%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$3,423
Rent
-$545
Cashflow
Cash Flow
$3,423 income − $3,968 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,423
Total Expenses
$3,968
Mortgage P&I
66%
$2,268
Property Taxes
11%
$388
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377