This property looks like a bad Mid-Term investment with a projected -5.5% first-year return on $104k initial cash invested.
-5.5%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$3,804
Rent
-$479
Cashflow
Cash Flow
$3,804 income − $4,283 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,804
Total Expenses
$4,283
Mortgage P&I
58%
$2,224
Property Taxes
14%
$515
Home Insurance
4%
$164
HOA
2%
$88
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418