This property looks like a bad Mid-Term investment with a projected -10.96% first-year return on $104k initial cash invested.
-10.96%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,872
Rent
-$951
Cashflow
Cash Flow
$2,872 income − $3,823 expenses = $951 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%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,872
Total Expenses
$3,823
Mortgage P&I
77%
$2,224
Property Taxes
17%
$478
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316