This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $104k initial cash invested.
-5.31%
Cash On Cash
5.78%
Cap Rate
0.86
DSCR
$3,272
Rent
-$462
Cashflow
Cash Flow
$3,272 income − $3,734 expenses = $462 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,240
Closing costs
1%
$4,112
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$3,734
Mortgage P&I
71%
$2,311
Property Taxes
5%
$162
Home Insurance
5%
$148
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360