This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $104k initial cash invested.
-5.57%
Cash On Cash
5.34%
Cap Rate
0.84
DSCR
$3,075
Rent
-$482
Cashflow
Cash Flow
$3,075 income − $3,557 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,720
Closing costs
1%
$4,086
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$3,557
Mortgage P&I
71%
$2,178
Property Taxes
6%
$185
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338