This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $104k initial cash invested.
-9.45%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$3,842
Rent
-$820
Cashflow
Cash Flow
$3,842 income − $4,662 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,842
Total Expenses
$4,662
Mortgage P&I
58%
$2,230
Property Taxes
24%
$917
Home Insurance
4%
$144
HOA
2%
$64
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423