This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $103k initial cash invested.
-3.62%
Cash On Cash
6.12%
Cap Rate
0.93
DSCR
$4,131
Rent
-$310
Cashflow
Cash Flow
$4,131 income − $4,441 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,860
Closing costs
1%
$4,043
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,131
Total Expenses
$4,441
Mortgage P&I
53%
$2,206
Property Taxes
17%
$687
Home Insurance
3%
$144
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454