This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $103k initial cash invested.
-3.71%
Cash On Cash
5.95%
Cap Rate
0.92
DSCR
$3,302
Rent
-$318
Cashflow
Cash Flow
$3,302 income − $3,620 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,302
Total Expenses
$3,620
Mortgage P&I
66%
$2,189
Property Taxes
5%
$164
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363