This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $104k initial cash invested.
-7.52%
Cash On Cash
5.1%
Cap Rate
0.76
DSCR
$2,804
Rent
-$650
Cashflow
Cash Flow
$2,804 income − $3,454 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,804
Total Expenses
$3,454
Mortgage P&I
81%
$2,273
Property Taxes
3%
$82
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308