This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $104k initial cash invested.
-7.87%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$3,258
Rent
-$683
Cashflow
Cash Flow
$3,258 income − $3,941 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,258
Total Expenses
$3,941
Mortgage P&I
69%
$2,247
Property Taxes
8%
$260
Home Insurance
4%
$144
HOA
6%
$183
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358