This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $105k initial cash invested.
-1.81%
Cash On Cash
6.5%
Cap Rate
1
DSCR
$4,114
Rent
-$158
Cashflow
Cash Flow
$4,114 income − $4,272 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,460
Closing costs
1%
$4,123
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,114
Total Expenses
$4,272
Mortgage P&I
54%
$2,227
Property Taxes
11%
$470
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$453