This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $105k initial cash invested.
-9.15%
Cash On Cash
4.83%
Cap Rate
0.72
DSCR
$3,472
Rent
-$799
Cashflow
Cash Flow
$3,472 income − $4,271 expenses = $799 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%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,472
Total Expenses
$4,271
Mortgage P&I
67%
$2,321
Property Taxes
18%
$622
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382