This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $105k initial cash invested.
-3.96%
Cash On Cash
6.12%
Cap Rate
0.92
DSCR
$3,956
Rent
-$347
Cashflow
Cash Flow
$3,956 income − $4,303 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,920
Closing costs
1%
$4,146
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,956
Total Expenses
$4,303
Mortgage P&I
58%
$2,305
Property Taxes
12%
$476
Home Insurance
4%
$150
HOA
1%
$27
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435