This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $104k initial cash invested.
-5.87%
Cash On Cash
4.91%
Cap Rate
0.81
DSCR
$3,142
Rent
-$511
Cashflow
Cash Flow
$3,142 income − $3,653 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,340
Closing costs
1%
$4,117
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$3,653
Mortgage P&I
66%
$2,068
Property Taxes
9%
$296
Home Insurance
7%
$220
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346