This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $105k initial cash invested.
-9.76%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$3,236
Rent
-$855
Cashflow
Cash Flow
$3,236 income − $4,091 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,940
Closing costs
1%
$4,147
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,236
Total Expenses
$4,091
Mortgage P&I
68%
$2,207
Property Taxes
19%
$600
Home Insurance
5%
$152
HOA
1%
$33
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356