This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $105k initial cash invested.
-2.37%
Cash On Cash
6.23%
Cap Rate
0.97
DSCR
$3,636
Rent
-$207
Cashflow
Cash Flow
$3,636 income − $3,843 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,580
Closing costs
1%
$4,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,636
Total Expenses
$3,843
Mortgage P&I
61%
$2,204
Property Taxes
7%
$255
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400