This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $105k initial cash invested.
-5.87%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$3,318
Rent
-$512
Cashflow
Cash Flow
$3,318 income − $3,830 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,318
Total Expenses
$3,830
Mortgage P&I
67%
$2,223
Property Taxes
10%
$348
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365