This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $104k initial cash invested.
-7.1%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$3,272
Rent
-$617
Cashflow
Cash Flow
$3,272 income − $3,889 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,200
Closing costs
1%
$4,110
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$3,889
Mortgage P&I
68%
$2,220
Property Taxes
12%
$402
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360