This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $103k initial cash invested.
-3.28%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$3,314
Rent
-$281
Cashflow
Cash Flow
$3,314 income − $3,595 expenses = $281 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%
$80,900
Closing costs
1%
$4,045
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,314
Total Expenses
$3,595
Mortgage P&I
67%
$2,214
Property Taxes
2%
$51
Home Insurance
4%
$144
HOA
2%
$58
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365