This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $104k initial cash invested.
-10.11%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$2,792
Rent
-$874
Cashflow
Cash Flow
$2,792 income − $3,666 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$3,666
Mortgage P&I
80%
$2,221
Property Taxes
12%
$348
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307