This property looks like a bad Mid-Term investment with a projected -0.49% first-year return on $104k initial cash invested.
-0.49%
Cash On Cash
6.84%
Cap Rate
1.05
DSCR
$4,024
Rent
-$42
Cashflow
Cash Flow
$4,024 income − $4,066 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,760
Closing costs
1%
$4,088
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,024
Total Expenses
$4,066
Mortgage P&I
55%
$2,211
Property Taxes
9%
$346
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443