This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $104k initial cash invested.
-2.66%
Cash On Cash
6.57%
Cap Rate
0.97
DSCR
$3,944
Rent
-$231
Cashflow
Cash Flow
$3,944 income − $4,175 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,960
Closing costs
1%
$4,098
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,944
Total Expenses
$4,175
Mortgage P&I
59%
$2,315
Property Taxes
10%
$375
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434