This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $104k initial cash invested.
-5.1%
Cash On Cash
5.22%
Cap Rate
0.85
DSCR
$3,168
Rent
-$441
Cashflow
Cash Flow
$3,168 income − $3,609 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$3,609
Mortgage P&I
66%
$2,090
Property Taxes
9%
$297
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348