This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $104k initial cash invested.
-2.42%
Cash On Cash
6.2%
Cap Rate
0.98
DSCR
$3,966
Rent
-$210
Cashflow
Cash Flow
$3,966 income − $4,176 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,220
Closing costs
1%
$4,111
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$4,176
Mortgage P&I
55%
$2,174
Property Taxes
13%
$504
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436