This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $103k initial cash invested.
-4.55%
Cash On Cash
6.02%
Cap Rate
0.9
DSCR
$4,326
Rent
-$391
Cashflow
Cash Flow
$4,326 income − $4,717 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,998
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,326
Total Expenses
$4,717
Mortgage P&I
52%
$2,250
Property Taxes
18%
$773
Home Insurance
3%
$142
HOA
2%
$81
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476