This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $105k initial cash invested.
-5.18%
Cash On Cash
5.86%
Cap Rate
0.87
DSCR
$3,489
Rent
-$455
Cashflow
Cash Flow
$3,489 income − $3,944 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$3,944
Mortgage P&I
67%
$2,349
Property Taxes
7%
$244
Home Insurance
4%
$146
HOA
0%
$17
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384