This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $105k initial cash invested.
-6.18%
Cash On Cash
5.53%
Cap Rate
0.82
DSCR
$3,309
Rent
-$539
Cashflow
Cash Flow
$3,309 income − $3,848 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,560
Closing costs
1%
$4,128
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,309
Total Expenses
$3,848
Mortgage P&I
70%
$2,308
Property Taxes
8%
$269
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364