This property looks like a bad Mid-Term investment with a projected -10.07% first-year return on $104k initial cash invested.
-10.07%
Cash On Cash
3.95%
Cap Rate
0.63
DSCR
$2,361
Rent
-$874
Cashflow
Cash Flow
$2,361 income − $3,235 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,361
Total Expenses
$3,235
Mortgage P&I
90%
$2,130
Property Taxes
7%
$159
Home Insurance
6%
$144
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260