This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $104k initial cash invested.
-1.16%
Cash On Cash
6.74%
Cap Rate
1.03
DSCR
$3,962
Rent
-$100
Cashflow
Cash Flow
$3,962 income − $4,062 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,460
Closing costs
1%
$4,073
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,962
Total Expenses
$4,062
Mortgage P&I
56%
$2,228
Property Taxes
9%
$367
Home Insurance
3%
$121
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436