This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $104k initial cash invested.
-7.65%
Cash On Cash
4.68%
Cap Rate
0.74
DSCR
$2,812
Rent
-$660
Cashflow
Cash Flow
$2,812 income − $3,472 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,440
Closing costs
1%
$4,072
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$3,472
Mortgage P&I
76%
$2,135
Property Taxes
9%
$239
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309