This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $103k initial cash invested.
-12.04%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$1,844
Rent
-$1,034
Cashflow
Cash Flow
$1,844 income − $2,878 expenses = $1,034 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,844
Total Expenses
$2,878
Mortgage P&I
112%
$2,071
Property Taxes
2%
$38
Home Insurance
8%
$142
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203