This property looks like a bad Mid-Term investment with a projected -14.41% first-year return on $105k initial cash invested.
-14.41%
Cash On Cash
2.98%
Cap Rate
0.47
DSCR
$1,998
Rent
-$1,263
Cashflow
Cash Flow
$1,998 income − $3,261 expenses = $1,263 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%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,998
Total Expenses
$3,261
Mortgage P&I
111%
$2,213
Property Taxes
11%
$223
Home Insurance
7%
$145
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220