This property looks like a bad Mid-Term investment with a projected -4.26% first-year return on $104k initial cash invested.
-4.26%
Cash On Cash
6%
Cap Rate
0.9
DSCR
$3,572
Rent
-$368
Cashflow
Cash Flow
$3,572 income − $3,940 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,640
Closing costs
1%
$4,082
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,572
Total Expenses
$3,940
Mortgage P&I
63%
$2,266
Property Taxes
9%
$312
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393