This property looks like a bad Mid-Term investment with a projected -9.16% first-year return on $104k initial cash invested.
-9.16%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$3,298
Rent
-$795
Cashflow
Cash Flow
$3,298 income − $4,093 expenses = $795 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
$3,298
Total Expenses
$4,093
Mortgage P&I
68%
$2,252
Property Taxes
16%
$535
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363