This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $103k initial cash invested.
-0.21%
Cash On Cash
6.74%
Cap Rate
1.06
DSCR
$3,912
Rent
-$18
Cashflow
Cash Flow
$3,912 income − $3,930 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,100
Closing costs
1%
$4,055
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,912
Total Expenses
$3,930
Mortgage P&I
55%
$2,141
Property Taxes
8%
$312
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430