This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $102k initial cash invested.
-3.45%
Cash On Cash
5.74%
Cap Rate
0.92
DSCR
$3,310
Rent
-$294
Cashflow
Cash Flow
$3,310 income − $3,604 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,300
Closing costs
1%
$4,015
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,310
Total Expenses
$3,604
Mortgage P&I
63%
$2,083
Property Taxes
7%
$224
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364