This property looks like a bad Mid-Term investment with a projected -5.74% first-year return on $104k initial cash invested.
-5.74%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$3,640
Rent
-$496
Cashflow
Cash Flow
$3,640 income − $4,136 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,640
Total Expenses
$4,136
Mortgage P&I
61%
$2,212
Property Taxes
15%
$544
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400