This property looks like a bad Mid-Term investment with a projected -4.21% first-year return on $103k initial cash invested.
-4.21%
Cash On Cash
5.41%
Cap Rate
0.89
DSCR
$3,411
Rent
-$362
Cashflow
Cash Flow
$3,411 income − $3,773 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,060
Closing costs
1%
$4,053
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,411
Total Expenses
$3,773
Mortgage P&I
60%
$2,053
Property Taxes
13%
$457
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375