This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $104k initial cash invested.
-4.15%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$3,616
Rent
-$360
Cashflow
Cash Flow
$3,616 income − $3,976 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,920
Closing costs
1%
$4,096
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,616
Total Expenses
$3,976
Mortgage P&I
63%
$2,266
Property Taxes
9%
$331
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398