This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $103k initial cash invested.
-2.97%
Cash On Cash
6.36%
Cap Rate
0.95
DSCR
$3,717
Rent
-$254
Cashflow
Cash Flow
$3,717 income − $3,971 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,480
Closing costs
1%
$4,024
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$3,971
Mortgage P&I
60%
$2,238
Property Taxes
9%
$323
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409