This property looks like a bad Mid-Term investment with a projected -7.06% first-year return on $104k initial cash invested.
-7.06%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$3,006
Rent
-$610
Cashflow
Cash Flow
$3,006 income − $3,616 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$3,616
Mortgage P&I
75%
$2,264
Property Taxes
6%
$190
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331