This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $103k initial cash invested.
-4.49%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$3,669
Rent
-$385
Cashflow
Cash Flow
$3,669 income − $4,054 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,940
Closing costs
1%
$4,047
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,669
Total Expenses
$4,054
Mortgage P&I
60%
$2,216
Property Taxes
11%
$406
Home Insurance
4%
$144
HOA
1%
$40
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404