This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $104k initial cash invested.
-4.6%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$4,456
Rent
-$399
Cashflow
Cash Flow
$4,456 income − $4,855 expenses = $399 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%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,456
Total Expenses
$4,855
Mortgage P&I
51%
$2,273
Property Taxes
21%
$923
Home Insurance
3%
$144
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490