This property looks like a bad Mid-Term investment with a projected -19.28% first-year return on $103k initial cash invested.
-19.28%
Cash On Cash
2.06%
Cap Rate
0.31
DSCR
$2,556
Rent
-$1,652
Cashflow
Cash Flow
$2,556 income − $4,208 expenses = $1,652 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,780
Closing costs
1%
$4,039
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,556
Total Expenses
$4,208
Mortgage P&I
88%
$2,244
Property Taxes
37%
$948
Home Insurance
6%
$147
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281