This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $103k initial cash invested.
-3.35%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$3,678
Rent
-$286
Cashflow
Cash Flow
$3,678 income − $3,964 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,560
Closing costs
1%
$4,028
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,678
Total Expenses
$3,964
Mortgage P&I
59%
$2,181
Property Taxes
11%
$393
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405