This property looks like a bad Mid-Term investment with a projected -1.84% first-year return on $104k initial cash invested.
-1.84%
Cash On Cash
6.51%
Cap Rate
1
DSCR
$4,092
Rent
-$160
Cashflow
Cash Flow
$4,092 income − $4,252 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,200
Closing costs
1%
$4,110
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,092
Total Expenses
$4,252
Mortgage P&I
54%
$2,225
Property Taxes
12%
$497
Home Insurance
3%
$138
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450