This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $104k initial cash invested.
-6.74%
Cash On Cash
4.91%
Cap Rate
0.8
DSCR
$4,119
Rent
-$587
Cashflow
Cash Flow
$4,119 income − $4,706 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,119
Total Expenses
$4,706
Mortgage P&I
51%
$2,108
Property Taxes
19%
$772
Home Insurance
4%
$145
HOA
7%
$280
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453