This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $104k initial cash invested.
-8.8%
Cash On Cash
4.89%
Cap Rate
0.72
DSCR
$2,980
Rent
-$765
Cashflow
Cash Flow
$2,980 income − $3,745 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,180
Closing costs
1%
$4,109
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,980
Total Expenses
$3,745
Mortgage P&I
78%
$2,321
Property Taxes
10%
$308
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328