This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $105k initial cash invested.
-9.53%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$3,220
Rent
-$836
Cashflow
Cash Flow
$3,220 income − $4,056 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,160
Closing costs
1%
$4,158
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$4,056
Mortgage P&I
69%
$2,222
Property Taxes
19%
$617
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354