This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $104k initial cash invested.
-0.8%
Cash On Cash
6.69%
Cap Rate
1.04
DSCR
$3,762
Rent
-$69
Cashflow
Cash Flow
$3,762 income − $3,831 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,762
Total Expenses
$3,831
Mortgage P&I
58%
$2,197
Property Taxes
6%
$212
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414