This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $104k initial cash invested.
-4.03%
Cash On Cash
5.97%
Cap Rate
0.91
DSCR
$3,969
Rent
-$350
Cashflow
Cash Flow
$3,969 income − $4,319 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,969
Total Expenses
$4,319
Mortgage P&I
56%
$2,231
Property Taxes
11%
$440
Home Insurance
4%
$144
HOA
4%
$154
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437