This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $103k initial cash invested.
-1.07%
Cash On Cash
6.64%
Cap Rate
1.03
DSCR
$3,884
Rent
-$92
Cashflow
Cash Flow
$3,884 income − $3,976 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,884
Total Expenses
$3,976
Mortgage P&I
56%
$2,178
Property Taxes
9%
$331
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427