This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $103k initial cash invested.
-1.73%
Cash On Cash
6.61%
Cap Rate
1.01
DSCR
$4,130
Rent
-$149
Cashflow
Cash Flow
$4,130 income − $4,279 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,360
Closing costs
1%
$4,068
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,130
Total Expenses
$4,279
Mortgage P&I
54%
$2,226
Property Taxes
12%
$487
Home Insurance
3%
$140
HOA
1%
$22
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454