This property looks like a bad Mid-Term investment with a projected -4.85% first-year return on $104k initial cash invested.
-4.85%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$3,606
Rent
-$422
Cashflow
Cash Flow
$3,606 income − $4,028 expenses = $422 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%
$82,240
Closing costs
1%
$4,112
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$4,028
Mortgage P&I
61%
$2,214
Property Taxes
12%
$439
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397