This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $104k initial cash invested.
-4.16%
Cash On Cash
5.52%
Cap Rate
0.89
DSCR
$3,090
Rent
-$362
Cashflow
Cash Flow
$3,090 income − $3,452 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,360
Closing costs
1%
$4,118
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$3,452
Mortgage P&I
69%
$2,133
Property Taxes
4%
$118
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340