This property looks like a bad Mid-Term investment with a projected -10.01% first-year return on $104k initial cash invested.
-10.01%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$3,014
Rent
-$869
Cashflow
Cash Flow
$3,014 income − $3,883 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,100
Closing costs
1%
$4,105
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$3,883
Mortgage P&I
75%
$2,255
Property Taxes
15%
$462
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332