This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $103k initial cash invested.
-7.26%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$3,144
Rent
-$622
Cashflow
Cash Flow
$3,144 income − $3,766 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,720
Closing costs
1%
$4,036
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,144
Total Expenses
$3,766
Mortgage P&I
70%
$2,216
Property Taxes
11%
$337
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346