This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $103k initial cash invested.
-3.34%
Cash On Cash
6.23%
Cap Rate
0.94
DSCR
$3,666
Rent
-$286
Cashflow
Cash Flow
$3,666 income − $3,952 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,666
Total Expenses
$3,952
Mortgage P&I
61%
$2,237
Property Taxes
9%
$314
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403