This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $104k initial cash invested.
-1.87%
Cash On Cash
6.16%
Cap Rate
0.99
DSCR
$3,600
Rent
-$162
Cashflow
Cash Flow
$3,600 income − $3,762 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,600
Total Expenses
$3,762
Mortgage P&I
59%
$2,121
Property Taxes
8%
$273
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396