This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $104k initial cash invested.
-3.95%
Cash On Cash
6.07%
Cap Rate
0.92
DSCR
$3,738
Rent
-$341
Cashflow
Cash Flow
$3,738 income − $4,079 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$4,079
Mortgage P&I
60%
$2,255
Property Taxes
10%
$372
Home Insurance
4%
$147
HOA
1%
$33
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411