This property looks like a bad Mid-Term investment with a projected -8.79% first-year return on $103k initial cash invested.
-8.79%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$3,087
Rent
-$758
Cashflow
Cash Flow
$3,087 income − $3,845 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,360
Closing costs
1%
$4,068
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,087
Total Expenses
$3,845
Mortgage P&I
72%
$2,220
Property Taxes
13%
$408
Home Insurance
5%
$149
HOA
1%
$19
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$340