This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $104k initial cash invested.
-3.33%
Cash On Cash
6.28%
Cap Rate
0.94
DSCR
$3,774
Rent
-$289
Cashflow
Cash Flow
$3,774 income − $4,063 expenses = $289 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%
$82,080
Closing costs
1%
$4,104
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,774
Total Expenses
$4,063
Mortgage P&I
61%
$2,285
Property Taxes
9%
$351
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415