This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $104k initial cash invested.
-1.26%
Cash On Cash
6.79%
Cap Rate
1.02
DSCR
$4,107
Rent
-$110
Cashflow
Cash Flow
$4,107 income − $4,217 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,280
Closing costs
1%
$4,114
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$4,217
Mortgage P&I
55%
$2,273
Property Taxes
11%
$443
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452