This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $104k initial cash invested.
-2.73%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$3,351
Rent
-$236
Cashflow
Cash Flow
$3,351 income − $3,587 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,587
Mortgage P&I
66%
$2,211
Property Taxes
3%
$88
Home Insurance
4%
$148
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369