This property looks like a bad Mid-Term investment with a projected -10.19% first-year return on $104k initial cash invested.
-10.19%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$2,444
Rent
-$884
Cashflow
Cash Flow
$2,444 income − $3,328 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,444
Total Expenses
$3,328
Mortgage P&I
93%
$2,268
Property Taxes
3%
$85
Home Insurance
6%
$144
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269