This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $103k initial cash invested.
-0.48%
Cash On Cash
7.05%
Cap Rate
1.06
DSCR
$4,272
Rent
-$41
Cashflow
Cash Flow
$4,272 income − $4,313 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,920
Closing costs
1%
$4,046
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,272
Total Expenses
$4,313
Mortgage P&I
53%
$2,248
Property Taxes
10%
$436
Home Insurance
4%
$166
HOA
0%
$10
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470