This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $104k initial cash invested.
-6.86%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$3,122
Rent
-$597
Cashflow
Cash Flow
$3,122 income − $3,719 expenses = $597 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,260
Closing costs
1%
$4,113
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$3,719
Mortgage P&I
71%
$2,210
Property Taxes
10%
$300
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343