This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $104k initial cash invested.
-7.72%
Cash On Cash
4.97%
Cap Rate
0.76
DSCR
$3,072
Rent
-$672
Cashflow
Cash Flow
$3,072 income − $3,744 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,280
Closing costs
1%
$4,114
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,072
Total Expenses
$3,744
Mortgage P&I
73%
$2,252
Property Taxes
10%
$298
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338