This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $103k initial cash invested.
-2.15%
Cash On Cash
6.53%
Cap Rate
0.99
DSCR
$4,218
Rent
-$184
Cashflow
Cash Flow
$4,218 income − $4,402 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,800
Closing costs
1%
$4,040
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,218
Total Expenses
$4,402
Mortgage P&I
53%
$2,215
Property Taxes
14%
$610
Home Insurance
3%
$142
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464