This property looks like a bad Mid-Term investment with a projected -9.99% first-year return on $104k initial cash invested.
-9.99%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,373
Rent
-$868
Cashflow
Cash Flow
$2,373 income − $3,241 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,120
Closing costs
1%
$4,106
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,373
Total Expenses
$3,241
Mortgage P&I
89%
$2,120
Property Taxes
7%
$164
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261