This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $104k initial cash invested.
-5.66%
Cash On Cash
5.54%
Cap Rate
0.85
DSCR
$3,754
Rent
-$491
Cashflow
Cash Flow
$3,754 income − $4,245 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,754
Total Expenses
$4,245
Mortgage P&I
59%
$2,233
Property Taxes
15%
$554
Home Insurance
4%
$144
HOA
1%
$38
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413