This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $104k initial cash invested.
-4.46%
Cash On Cash
5.92%
Cap Rate
0.89
DSCR
$3,693
Rent
-$386
Cashflow
Cash Flow
$3,693 income − $4,079 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,693
Total Expenses
$4,079
Mortgage P&I
61%
$2,252
Property Taxes
11%
$424
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406