This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $104k initial cash invested.
-2.2%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$4,046
Rent
-$191
Cashflow
Cash Flow
$4,046 income − $4,237 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$4,237
Mortgage P&I
55%
$2,227
Property Taxes
12%
$490
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445