This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $104k initial cash invested.
-8.51%
Cash On Cash
4.42%
Cap Rate
0.72
DSCR
$3,432
Rent
-$737
Cashflow
Cash Flow
$3,432 income − $4,169 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,840
Closing costs
1%
$4,092
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,432
Total Expenses
$4,169
Mortgage P&I
61%
$2,108
Property Taxes
21%
$737
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378