This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $104k initial cash invested.
-7.95%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$3,024
Rent
-$690
Cashflow
Cash Flow
$3,024 income − $3,714 expenses = $690 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%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,024
Total Expenses
$3,714
Mortgage P&I
74%
$2,245
Property Taxes
10%
$296
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333