This property looks like a bad Mid-Term investment with a projected -6.48% first-year return on $103k initial cash invested.
-6.48%
Cash On Cash
5.34%
Cap Rate
0.81
DSCR
$3,234
Rent
-$557
Cashflow
Cash Flow
$3,234 income − $3,791 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,100
Closing costs
1%
$4,055
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$3,791
Mortgage P&I
69%
$2,232
Property Taxes
10%
$315
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356