This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $103k initial cash invested.
-3.53%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$3,658
Rent
-$303
Cashflow
Cash Flow
$3,658 income − $3,961 expenses = $303 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%
$80,900
Closing costs
1%
$4,045
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,658
Total Expenses
$3,961
Mortgage P&I
59%
$2,174
Property Taxes
11%
$394
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402