This property looks like a bad Mid-Term investment with a projected -4.1% first-year return on $104k initial cash invested.
-4.1%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$3,320
Rent
-$354
Cashflow
Cash Flow
$3,320 income − $3,674 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$3,674
Mortgage P&I
67%
$2,218
Property Taxes
6%
$191
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365