This property looks like a bad Mid-Term investment with a projected -0.22% first-year return on $105k initial cash invested.
-0.22%
Cash On Cash
7.1%
Cap Rate
1.08
DSCR
$4,887
Rent
-$19
Cashflow
Cash Flow
$4,887 income − $4,906 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,887
Total Expenses
$4,906
Mortgage P&I
47%
$2,279
Property Taxes
12%
$571
Home Insurance
3%
$145
HOA
5%
$250
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$147
Maintenance
4%
$195
Other
11%
$538