This property looks like a bad Mid-Term investment with a projected -8.56% first-year return on $104k initial cash invested.
-8.56%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$3,676
Rent
-$745
Cashflow
Cash Flow
$3,676 income − $4,421 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,340
Closing costs
1%
$4,117
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$4,421
Mortgage P&I
60%
$2,211
Property Taxes
17%
$611
Home Insurance
4%
$145
HOA
6%
$205
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404