This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $104k initial cash invested.
-3.46%
Cash On Cash
6.24%
Cap Rate
0.94
DSCR
$4,386
Rent
-$300
Cashflow
Cash Flow
$4,386 income − $4,686 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,900
Closing costs
1%
$4,095
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,386
Total Expenses
$4,686
Mortgage P&I
51%
$2,256
Property Taxes
18%
$788
Home Insurance
3%
$144
HOA
0%
$8
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$132
Maintenance
4%
$175
Other
11%
$482