This property looks like a bad Mid-Term investment with a projected -14.41% first-year return on $104k initial cash invested.
-14.41%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$2,586
Rent
-$1,250
Cashflow
Cash Flow
$2,586 income − $3,836 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,586
Total Expenses
$3,836
Mortgage P&I
87%
$2,260
Property Taxes
21%
$554
Home Insurance
6%
$144
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284