This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $104k initial cash invested.
-5.94%
Cash On Cash
5.52%
Cap Rate
0.83
DSCR
$3,330
Rent
-$515
Cashflow
Cash Flow
$3,330 income − $3,845 expenses = $515 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%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,330
Total Expenses
$3,845
Mortgage P&I
68%
$2,269
Property Taxes
9%
$300
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366