This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $105k initial cash invested.
-2.46%
Cash On Cash
5.92%
Cap Rate
0.97
DSCR
$3,738
Rent
-$215
Cashflow
Cash Flow
$3,738 income − $3,953 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$3,953
Mortgage P&I
56%
$2,108
Property Taxes
11%
$426
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411