This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $103k initial cash invested.
-4.58%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$3,134
Rent
-$392
Cashflow
Cash Flow
$3,134 income − $3,526 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,760
Closing costs
1%
$4,038
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,134
Total Expenses
$3,526
Mortgage P&I
71%
$2,215
Property Taxes
3%
$105
Home Insurance
5%
$141
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345