This property looks like a bad Mid-Term investment with a projected -5.75% first-year return on $104k initial cash invested.
-5.75%
Cash On Cash
5.22%
Cap Rate
0.84
DSCR
$3,864
Rent
-$498
Cashflow
Cash Flow
$3,864 income − $4,362 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,864
Total Expenses
$4,362
Mortgage P&I
55%
$2,122
Property Taxes
19%
$751
Home Insurance
4%
$145
HOA
1%
$29
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425