This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $104k initial cash invested.
-1.13%
Cash On Cash
6.72%
Cap Rate
1.03
DSCR
$4,000
Rent
-$98
Cashflow
Cash Flow
$4,000 income − $4,098 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,000
Total Expenses
$4,098
Mortgage P&I
56%
$2,227
Property Taxes
8%
$322
Home Insurance
4%
$144
HOA
1%
$45
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440