This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $104k initial cash invested.
-10.57%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$2,786
Rent
-$917
Cashflow
Cash Flow
$2,786 income − $3,703 expenses = $917 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,703
Mortgage P&I
80%
$2,234
Property Taxes
14%
$379
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306