This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $104k initial cash invested.
-3.78%
Cash On Cash
5.8%
Cap Rate
0.91
DSCR
$3,218
Rent
-$328
Cashflow
Cash Flow
$3,218 income − $3,546 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,218
Total Expenses
$3,546
Mortgage P&I
68%
$2,182
Property Taxes
4%
$125
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354