This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $103k initial cash invested.
-4.75%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$3,668
Rent
-$407
Cashflow
Cash Flow
$3,668 income − $4,075 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,700
Closing costs
1%
$4,035
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,668
Total Expenses
$4,075
Mortgage P&I
60%
$2,197
Property Taxes
13%
$486
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403