This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $104k initial cash invested.
-5.18%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$3,592
Rent
-$449
Cashflow
Cash Flow
$3,592 income − $4,041 expenses = $449 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%
$81,900
Closing costs
1%
$4,095
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$4,041
Mortgage P&I
63%
$2,275
Property Taxes
11%
$400
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395