This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $104k initial cash invested.
-2.75%
Cash On Cash
6.28%
Cap Rate
0.96
DSCR
$3,664
Rent
-$239
Cashflow
Cash Flow
$3,664 income − $3,903 expenses = $239 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%
$82,040
Closing costs
1%
$4,102
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,664
Total Expenses
$3,903
Mortgage P&I
61%
$2,239
Property Taxes
7%
$270
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403