This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $103k initial cash invested.
-3.4%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$3,666
Rent
-$293
Cashflow
Cash Flow
$3,666 income − $3,959 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,340
Closing costs
1%
$4,067
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,666
Total Expenses
$3,959
Mortgage P&I
60%
$2,203
Property Taxes
10%
$365
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403