This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $104k initial cash invested.
-6.72%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$3,207
Rent
-$582
Cashflow
Cash Flow
$3,207 income − $3,789 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,860
Closing costs
1%
$4,093
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,207
Total Expenses
$3,789
Mortgage P&I
69%
$2,208
Property Taxes
11%
$342
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353