This property looks like a bad Mid-Term investment with a projected -4.13% first-year return on $103k initial cash invested.
-4.13%
Cash On Cash
5.86%
Cap Rate
0.9
DSCR
$3,230
Rent
-$355
Cashflow
Cash Flow
$3,230 income − $3,585 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,980
Closing costs
1%
$4,049
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,230
Total Expenses
$3,585
Mortgage P&I
68%
$2,202
Property Taxes
4%
$133
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355