This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $103k initial cash invested.
-5.84%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$3,240
Rent
-$503
Cashflow
Cash Flow
$3,240 income − $3,743 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,240
Closing costs
1%
$4,062
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,240
Total Expenses
$3,743
Mortgage P&I
70%
$2,255
Property Taxes
7%
$241
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$356