This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $104k initial cash invested.
-9.01%
Cash On Cash
4.61%
Cap Rate
0.7
DSCR
$2,644
Rent
-$782
Cashflow
Cash Flow
$2,644 income − $3,426 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,644
Total Expenses
$3,426
Mortgage P&I
85%
$2,251
Property Taxes
5%
$132
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291