This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $104k initial cash invested.
-2.46%
Cash On Cash
6.35%
Cap Rate
0.97
DSCR
$3,846
Rent
-$213
Cashflow
Cash Flow
$3,846 income − $4,059 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$4,059
Mortgage P&I
58%
$2,222
Property Taxes
10%
$389
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423