This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $104k initial cash invested.
-8.83%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$2,688
Rent
-$764
Cashflow
Cash Flow
$2,688 income − $3,452 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,740
Closing costs
1%
$4,087
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$3,452
Mortgage P&I
81%
$2,179
Property Taxes
8%
$208
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296