This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $103k initial cash invested.
-8.51%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$2,594
Rent
-$734
Cashflow
Cash Flow
$2,594 income − $3,328 expenses = $734 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,380
Closing costs
1%
$4,069
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$3,328
Mortgage P&I
79%
$2,059
Property Taxes
9%
$242
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285