This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $103k initial cash invested.
-3.49%
Cash On Cash
5.89%
Cap Rate
0.93
DSCR
$3,444
Rent
-$298
Cashflow
Cash Flow
$3,444 income − $3,742 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,480
Closing costs
1%
$4,024
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,444
Total Expenses
$3,742
Mortgage P&I
62%
$2,135
Property Taxes
8%
$278
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379