This property looks like a bad Mid-Term investment with a projected -5.88% first-year return on $104k initial cash invested.
-5.88%
Cash On Cash
5.65%
Cap Rate
0.84
DSCR
$3,236
Rent
-$508
Cashflow
Cash Flow
$3,236 income − $3,744 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,236
Total Expenses
$3,744
Mortgage P&I
71%
$2,297
Property Taxes
6%
$204
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356