This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $105k initial cash invested.
-3.57%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$3,764
Rent
-$312
Cashflow
Cash Flow
$3,764 income − $4,076 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,800
Closing costs
1%
$4,140
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,764
Total Expenses
$4,076
Mortgage P&I
60%
$2,270
Property Taxes
10%
$380
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414