This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $104k initial cash invested.
-5.35%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$3,076
Rent
-$463
Cashflow
Cash Flow
$3,076 income − $3,539 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,076
Total Expenses
$3,539
Mortgage P&I
73%
$2,237
Property Taxes
3%
$101
Home Insurance
5%
$146
HOA
0%
$10
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338