This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $104k initial cash invested.
-0.29%
Cash On Cash
6.48%
Cap Rate
1.06
DSCR
$3,801
Rent
-$25
Cashflow
Cash Flow
$3,801 income − $3,826 expenses = $25 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%
$81,640
Closing costs
1%
$4,082
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,801
Total Expenses
$3,826
Mortgage P&I
55%
$2,077
Property Taxes
8%
$312
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418