This property looks like a bad Mid-Term investment with a projected -8.55% first-year return on $103k initial cash invested.
-8.55%
Cash On Cash
4.12%
Cap Rate
0.69
DSCR
$2,970
Rent
-$733
Cashflow
Cash Flow
$2,970 income − $3,703 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,970
Total Expenses
$3,703
Mortgage P&I
67%
$2,001
Property Taxes
18%
$547
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327