This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $104k initial cash invested.
-3.39%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$3,312
Rent
-$294
Cashflow
Cash Flow
$3,312 income − $3,606 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$3,606
Mortgage P&I
68%
$2,242
Property Taxes
3%
$91
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364