This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $105k initial cash invested.
-8.71%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$2,991
Rent
-$759
Cashflow
Cash Flow
$2,991 income − $3,750 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$3,750
Mortgage P&I
77%
$2,290
Property Taxes
10%
$298
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329