This property looks like a bad Mid-Term investment with a projected -0.67% first-year return on $104k initial cash invested.
-0.67%
Cash On Cash
7.01%
Cap Rate
1.06
DSCR
$4,824
Rent
-$58
Cashflow
Cash Flow
$4,824 income − $4,882 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,824
Total Expenses
$4,882
Mortgage P&I
47%
$2,251
Property Taxes
17%
$815
Home Insurance
3%
$152
HOA
0%
$23
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531