This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $104k initial cash invested.
-7.9%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$2,895
Rent
-$683
Cashflow
Cash Flow
$2,895 income − $3,578 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$3,578
Mortgage P&I
77%
$2,238
Property Taxes
6%
$168
Home Insurance
6%
$180
HOA
0%
$8
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318