This property looks like a bad Mid-Term investment with a projected -3.66% first-year return on $104k initial cash invested.
-3.66%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$3,506
Rent
-$318
Cashflow
Cash Flow
$3,506 income − $3,824 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,180
Closing costs
1%
$4,109
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$3,824
Mortgage P&I
65%
$2,270
Property Taxes
5%
$172
Home Insurance
5%
$184
HOA
0%
$6
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386