This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $104k initial cash invested.
-5.22%
Cash On Cash
5.11%
Cap Rate
0.85
DSCR
$3,412
Rent
-$455
Cashflow
Cash Flow
$3,412 income − $3,867 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$3,867
Mortgage P&I
61%
$2,072
Property Taxes
14%
$483
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375