This property looks like a bad Mid-Term investment with a projected -6.26% first-year return on $105k initial cash invested.
-6.26%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$3,626
Rent
-$546
Cashflow
Cash Flow
$3,626 income − $4,172 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,540
Closing costs
1%
$4,127
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,626
Total Expenses
$4,172
Mortgage P&I
64%
$2,308
Property Taxes
13%
$481
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399