This property looks like a bad Mid-Term investment with a projected -4.85% first-year return on $104k initial cash invested.
-4.85%
Cash On Cash
5.63%
Cap Rate
0.87
DSCR
$3,490
Rent
-$420
Cashflow
Cash Flow
$3,490 income − $3,910 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,760
Closing costs
1%
$4,088
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,490
Total Expenses
$3,910
Mortgage P&I
63%
$2,197
Property Taxes
10%
$359
Home Insurance
4%
$140
HOA
1%
$26
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384