This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $104k initial cash invested.
-2.05%
Cash On Cash
6.47%
Cap Rate
0.99
DSCR
$3,924
Rent
-$177
Cashflow
Cash Flow
$3,924 income − $4,101 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,480
Closing costs
1%
$4,074
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,924
Total Expenses
$4,101
Mortgage P&I
56%
$2,215
Property Taxes
10%
$411
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432