This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $104k initial cash invested.
-5.3%
Cash On Cash
5.39%
Cap Rate
0.85
DSCR
$3,249
Rent
-$460
Cashflow
Cash Flow
$3,249 income − $3,709 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,120
Closing costs
1%
$4,106
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$3,709
Mortgage P&I
67%
$2,175
Property Taxes
10%
$336
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357