This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $104k initial cash invested.
-4.16%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$3,284
Rent
-$359
Cashflow
Cash Flow
$3,284 income − $3,643 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$3,643
Mortgage P&I
68%
$2,217
Property Taxes
4%
$144
Home Insurance
4%
$145
HOA
1%
$21
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361