This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $103k initial cash invested.
-2.17%
Cash On Cash
6%
Cap Rate
0.99
DSCR
$3,900
Rent
-$186
Cashflow
Cash Flow
$3,900 income − $4,086 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,860
Closing costs
1%
$4,043
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,900
Total Expenses
$4,086
Mortgage P&I
53%
$2,051
Property Taxes
14%
$551
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429