This property looks like a bad Mid-Term investment with a projected -9% first-year return on $104k initial cash invested.
-9%
Cash On Cash
4.27%
Cap Rate
0.68
DSCR
$2,716
Rent
-$779
Cashflow
Cash Flow
$2,716 income − $3,495 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,760
Closing costs
1%
$4,088
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,716
Total Expenses
$3,495
Mortgage P&I
78%
$2,123
Property Taxes
11%
$301
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299