This property looks like a bad Mid-Term investment with a projected -8.81% first-year return on $104k initial cash invested.
-8.81%
Cash On Cash
4.68%
Cap Rate
0.72
DSCR
$3,285
Rent
-$766
Cashflow
Cash Flow
$3,285 income − $4,051 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,280
Closing costs
1%
$4,114
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,285
Total Expenses
$4,051
Mortgage P&I
68%
$2,241
Property Taxes
16%
$540
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361