This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $104k initial cash invested.
-2.79%
Cash On Cash
5.77%
Cap Rate
0.95
DSCR
$3,254
Rent
-$241
Cashflow
Cash Flow
$3,254 income − $3,495 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,580
Closing costs
1%
$4,079
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,254
Total Expenses
$3,495
Mortgage P&I
64%
$2,074
Property Taxes
4%
$131
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358