This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $103k initial cash invested.
-3.92%
Cash On Cash
5.67%
Cap Rate
0.91
DSCR
$3,730
Rent
-$337
Cashflow
Cash Flow
$3,730 income − $4,067 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,160
Closing costs
1%
$4,058
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,730
Total Expenses
$4,067
Mortgage P&I
56%
$2,106
Property Taxes
15%
$550
Home Insurance
4%
$143
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410