This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $104k initial cash invested.
-1.64%
Cash On Cash
6.26%
Cap Rate
1
DSCR
$3,740
Rent
-$142
Cashflow
Cash Flow
$3,740 income − $3,882 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,740
Total Expenses
$3,882
Mortgage P&I
57%
$2,129
Property Taxes
9%
$334
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411