This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $104k initial cash invested.
-5.87%
Cash On Cash
5.05%
Cap Rate
0.82
DSCR
$3,316
Rent
-$508
Cashflow
Cash Flow
$3,316 income − $3,824 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$3,824
Mortgage P&I
63%
$2,097
Property Taxes
9%
$291
Home Insurance
4%
$143
HOA
5%
$165
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365