This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $103k initial cash invested.
-5.34%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$3,032
Rent
-$457
Cashflow
Cash Flow
$3,032 income − $3,489 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,580
Closing costs
1%
$4,029
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$3,489
Mortgage P&I
68%
$2,054
Property Taxes
9%
$262
Home Insurance
5%
$142
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334