This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $104k initial cash invested.
-3.95%
Cash On Cash
5.49%
Cap Rate
0.9
DSCR
$3,154
Rent
-$341
Cashflow
Cash Flow
$3,154 income − $3,495 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,154
Total Expenses
$3,495
Mortgage P&I
66%
$2,083
Property Taxes
6%
$196
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347