This property looks like a bad Mid-Term investment with a projected -4.89% first-year return on $104k initial cash invested.
-4.89%
Cash On Cash
5.66%
Cap Rate
0.87
DSCR
$3,440
Rent
-$424
Cashflow
Cash Flow
$3,440 income − $3,864 expenses = $424 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%
$81,920
Closing costs
1%
$4,096
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$3,864
Mortgage P&I
65%
$2,219
Property Taxes
9%
$321
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378