This property looks like a bad Mid-Term investment with a projected -10.12% first-year return on $104k initial cash invested.
-10.12%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$2,636
Rent
-$878
Cashflow
Cash Flow
$2,636 income − $3,514 expenses = $878 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%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,636
Total Expenses
$3,514
Mortgage P&I
85%
$2,241
Property Taxes
9%
$229
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290