This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $103k initial cash invested.
-0.77%
Cash On Cash
6.75%
Cap Rate
1.04
DSCR
$4,022
Rent
-$66
Cashflow
Cash Flow
$4,022 income − $4,088 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,120
Closing costs
1%
$4,056
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,022
Total Expenses
$4,088
Mortgage P&I
54%
$2,187
Property Taxes
10%
$393
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442