This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $104k initial cash invested.
-9.01%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$2,790
Rent
-$784
Cashflow
Cash Flow
$2,790 income − $3,574 expenses = $784 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%
$82,300
Closing costs
1%
$4,115
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,790
Total Expenses
$3,574
Mortgage P&I
75%
$2,097
Property Taxes
14%
$382
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307