This property looks like a bad Mid-Term investment with a projected -6.89% first-year return on $104k initial cash invested.
-6.89%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$3,165
Rent
-$596
Cashflow
Cash Flow
$3,165 income − $3,761 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,165
Total Expenses
$3,761
Mortgage P&I
70%
$2,222
Property Taxes
10%
$317
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348