This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $104k initial cash invested.
-6.42%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$3,208
Rent
-$557
Cashflow
Cash Flow
$3,208 income − $3,765 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,208
Total Expenses
$3,765
Mortgage P&I
70%
$2,246
Property Taxes
9%
$273
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353