This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $105k initial cash invested.
-6.97%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,033
Rent
-$610
Cashflow
Cash Flow
$3,033 income − $3,643 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,840
Closing costs
1%
$4,142
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,033
Total Expenses
$3,643
Mortgage P&I
73%
$2,225
Property Taxes
8%
$242
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334