This property looks like a bad Mid-Term investment with a projected -0.17% first-year return on $105k initial cash invested.
-0.17%
Cash On Cash
6.48%
Cap Rate
1.06
DSCR
$3,656
Rent
-$15
Cashflow
Cash Flow
$3,656 income − $3,671 expenses = $15 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,640
Closing costs
1%
$4,132
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,656
Total Expenses
$3,671
Mortgage P&I
57%
$2,101
Property Taxes
5%
$178
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402