This property looks like a bad Mid-Term investment with a projected -3.21% first-year return on $103k initial cash invested.
-3.21%
Cash On Cash
6.05%
Cap Rate
0.94
DSCR
$3,406
Rent
-$276
Cashflow
Cash Flow
$3,406 income − $3,682 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,180
Closing costs
1%
$4,059
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$3,682
Mortgage P&I
64%
$2,187
Property Taxes
4%
$122
Home Insurance
5%
$184
HOA
1%
$31
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375