This property looks like a bad Mid-Term investment with a projected -11.39% first-year return on $104k initial cash invested.
-11.39%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$2,812
Rent
-$989
Cashflow
Cash Flow
$2,812 income − $3,801 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,060
Closing costs
1%
$4,103
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$3,801
Mortgage P&I
79%
$2,210
Property Taxes
17%
$488
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309