This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $104k initial cash invested.
-1.34%
Cash On Cash
6.3%
Cap Rate
1.01
DSCR
$3,514
Rent
-$116
Cashflow
Cash Flow
$3,514 income − $3,630 expenses = $116 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,514
Total Expenses
$3,630
Mortgage P&I
61%
$2,127
Property Taxes
5%
$163
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387