This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $104k initial cash invested.
-2.74%
Cash On Cash
5.88%
Cap Rate
0.96
DSCR
$3,741
Rent
-$237
Cashflow
Cash Flow
$3,741 income − $3,978 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$3,978
Mortgage P&I
56%
$2,087
Property Taxes
13%
$483
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412