This property looks like a bad Mid-Term investment with a projected -14.51% first-year return on $104k initial cash invested.
-14.51%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$3,476
Rent
-$1,259
Cashflow
Cash Flow
$3,476 income − $4,735 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,476
Total Expenses
$4,735
Mortgage P&I
66%
$2,277
Property Taxes
30%
$1,046
Home Insurance
4%
$144
HOA
3%
$87
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382