This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $104k initial cash invested.
-10.73%
Cash On Cash
4.27%
Cap Rate
0.64
DSCR
$2,876
Rent
-$931
Cashflow
Cash Flow
$2,876 income − $3,807 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,876
Total Expenses
$3,807
Mortgage P&I
79%
$2,274
Property Taxes
14%
$412
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316