This property looks like a bad Mid-Term investment with a projected -12.89% first-year return on $105k initial cash invested.
-12.89%
Cash On Cash
3.45%
Cap Rate
0.54
DSCR
$2,361
Rent
-$1,133
Cashflow
Cash Flow
$2,361 income − $3,494 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,320
Closing costs
1%
$4,166
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,361
Total Expenses
$3,494
Mortgage P&I
95%
$2,235
Property Taxes
13%
$312
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260