This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $103k initial cash invested.
-4.27%
Cash On Cash
5.74%
Cap Rate
0.89
DSCR
$3,255
Rent
-$367
Cashflow
Cash Flow
$3,255 income − $3,622 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,060
Closing costs
1%
$4,053
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$3,622
Mortgage P&I
67%
$2,176
Property Taxes
6%
$199
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358