This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $104k initial cash invested.
-6.72%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$3,062
Rent
-$584
Cashflow
Cash Flow
$3,062 income − $3,646 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,140
Closing costs
1%
$4,107
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,646
Mortgage P&I
74%
$2,263
Property Taxes
6%
$196
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337