This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $103k initial cash invested.
-1.97%
Cash On Cash
6.15%
Cap Rate
0.99
DSCR
$3,824
Rent
-$169
Cashflow
Cash Flow
$3,824 income − $3,993 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,660
Closing costs
1%
$4,033
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$3,993
Mortgage P&I
54%
$2,083
Property Taxes
12%
$460
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421