This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $104k initial cash invested.
-4.54%
Cash On Cash
6.02%
Cap Rate
0.9
DSCR
$4,179
Rent
-$393
Cashflow
Cash Flow
$4,179 income − $4,572 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,179
Total Expenses
$4,572
Mortgage P&I
55%
$2,279
Property Taxes
18%
$738
Home Insurance
3%
$135
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460