This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $104k initial cash invested.
-8.84%
Cash On Cash
4.23%
Cap Rate
0.69
DSCR
$2,784
Rent
-$765
Cashflow
Cash Flow
$2,784 income − $3,549 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$3,549
Mortgage P&I
75%
$2,095
Property Taxes
13%
$365
Home Insurance
5%
$143
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306