This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $104k initial cash invested.
-3.24%
Cash On Cash
5.81%
Cap Rate
0.95
DSCR
$4,524
Rent
-$280
Cashflow
Cash Flow
$4,524 income − $4,804 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,524
Total Expenses
$4,804
Mortgage P&I
46%
$2,079
Property Taxes
23%
$1,055
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498