This property looks like a bad Mid-Term investment with a projected -14.23% first-year return on $105k initial cash invested.
-14.23%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$2,480
Rent
-$1,244
Cashflow
Cash Flow
$2,480 income − $3,724 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,780
Closing costs
1%
$4,139
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,480
Total Expenses
$3,724
Mortgage P&I
85%
$2,113
Property Taxes
27%
$663
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273