This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $105k initial cash invested.
-3.67%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$3,664
Rent
-$323
Cashflow
Cash Flow
$3,664 income − $3,987 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,320
Closing costs
1%
$4,166
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,664
Total Expenses
$3,987
Mortgage P&I
62%
$2,281
Property Taxes
9%
$314
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403