This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $104k initial cash invested.
-2.36%
Cash On Cash
6.45%
Cap Rate
0.97
DSCR
$3,502
Rent
-$204
Cashflow
Cash Flow
$3,502 income − $3,706 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$3,706
Mortgage P&I
64%
$2,255
Property Taxes
3%
$111
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385