This property looks like a bad Mid-Term investment with a projected -9.81% first-year return on $104k initial cash invested.
-9.81%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$3,774
Rent
-$848
Cashflow
Cash Flow
$3,774 income − $4,622 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,660
Closing costs
1%
$4,083
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,774
Total Expenses
$4,622
Mortgage P&I
58%
$2,183
Property Taxes
15%
$574
Home Insurance
5%
$184
HOA
11%
$398
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415