This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $104k initial cash invested.
-3.68%
Cash On Cash
5.67%
Cap Rate
0.92
DSCR
$3,498
Rent
-$320
Cashflow
Cash Flow
$3,498 income − $3,818 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,260
Closing costs
1%
$4,113
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,498
Total Expenses
$3,818
Mortgage P&I
61%
$2,123
Property Taxes
10%
$355
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385