This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $103k initial cash invested.
-3.26%
Cash On Cash
5.72%
Cap Rate
0.93
DSCR
$3,302
Rent
-$281
Cashflow
Cash Flow
$3,302 income − $3,583 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,302
Total Expenses
$3,583
Mortgage P&I
63%
$2,089
Property Taxes
5%
$168
Home Insurance
4%
$144
HOA
2%
$60
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363