This property looks like a bad Mid-Term investment with a projected -4.36% first-year return on $103k initial cash invested.
-4.36%
Cash On Cash
5.7%
Cap Rate
0.89
DSCR
$3,495
Rent
-$373
Cashflow
Cash Flow
$3,495 income − $3,868 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,720
Closing costs
1%
$4,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$3,868
Mortgage P&I
62%
$2,150
Property Taxes
11%
$386
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384