This property looks like a bad Mid-Term investment with a projected -10.6% first-year return on $104k initial cash invested.
-10.6%
Cash On Cash
4.39%
Cap Rate
0.65
DSCR
$3,082
Rent
-$919
Cashflow
Cash Flow
$3,082 income − $4,001 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,082
Total Expenses
$4,001
Mortgage P&I
74%
$2,295
Property Taxes
17%
$512
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339