This property looks like a bad Mid-Term investment with a projected -9.67% first-year return on $103k initial cash invested.
-9.67%
Cash On Cash
4.12%
Cap Rate
0.66
DSCR
$3,220
Rent
-$827
Cashflow
Cash Flow
$3,220 income − $4,047 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,620
Closing costs
1%
$4,031
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,220
Total Expenses
$4,047
Mortgage P&I
65%
$2,082
Property Taxes
15%
$471
Home Insurance
4%
$144
HOA
8%
$255
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354