This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $103k initial cash invested.
-4.61%
Cash On Cash
5.74%
Cap Rate
0.88
DSCR
$3,544
Rent
-$396
Cashflow
Cash Flow
$3,544 income − $3,940 expenses = $396 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%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,544
Total Expenses
$3,940
Mortgage P&I
62%
$2,191
Property Taxes
11%
$394
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390