This property looks like a bad Mid-Term investment with a projected -5% first-year return on $104k initial cash invested.
-5%
Cash On Cash
5.88%
Cap Rate
0.88
DSCR
$4,200
Rent
-$433
Cashflow
Cash Flow
$4,200 income − $4,633 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,860
Closing costs
1%
$4,093
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,200
Total Expenses
$4,633
Mortgage P&I
54%
$2,270
Property Taxes
19%
$786
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462