This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $103k initial cash invested.
-2.7%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$3,472
Rent
-$232
Cashflow
Cash Flow
$3,472 income − $3,704 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,200
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,472
Total Expenses
$3,704
Mortgage P&I
65%
$2,262
Property Taxes
3%
$116
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382