This property looks like a bad Mid-Term investment with a projected -1.02% first-year return on $104k initial cash invested.
-1.02%
Cash On Cash
6.7%
Cap Rate
1.03
DSCR
$3,876
Rent
-$89
Cashflow
Cash Flow
$3,876 income − $3,965 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,100
Closing costs
1%
$4,105
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$3,965
Mortgage P&I
57%
$2,226
Property Taxes
7%
$255
Home Insurance
4%
$150
HOA
0%
$17
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426