This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $104k initial cash invested.
-8.86%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$2,850
Rent
-$769
Cashflow
Cash Flow
$2,850 income − $3,619 expenses = $769 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,040
Closing costs
1%
$4,102
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,850
Total Expenses
$3,619
Mortgage P&I
78%
$2,213
Property Taxes
6%
$182
Home Insurance
9%
$254
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314