This property looks like a bad Mid-Term investment with a projected -10.39% first-year return on $104k initial cash invested.
-10.39%
Cash On Cash
4.08%
Cap Rate
0.64
DSCR
$2,835
Rent
-$901
Cashflow
Cash Flow
$2,835 income − $3,736 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,835
Total Expenses
$3,736
Mortgage P&I
77%
$2,182
Property Taxes
16%
$447
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312