This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $104k initial cash invested.
-8.18%
Cash On Cash
4.81%
Cap Rate
0.73
DSCR
$2,740
Rent
-$708
Cashflow
Cash Flow
$2,740 income − $3,448 expenses = $708 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%
$81,740
Closing costs
1%
$4,087
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,740
Total Expenses
$3,448
Mortgage P&I
82%
$2,236
Property Taxes
5%
$126
Home Insurance
6%
$154
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301