This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $103k initial cash invested.
-2.39%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$3,928
Rent
-$205
Cashflow
Cash Flow
$3,928 income − $4,133 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,920
Closing costs
1%
$4,046
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,928
Total Expenses
$4,133
Mortgage P&I
56%
$2,210
Property Taxes
11%
$422
Home Insurance
4%
$143
HOA
1%
$23
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432