This property looks like a bad Mid-Term investment with a projected -4.44% first-year return on $103k initial cash invested.
-4.44%
Cash On Cash
5.79%
Cap Rate
0.89
DSCR
$3,550
Rent
-$383
Cashflow
Cash Flow
$3,550 income − $3,933 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,550
Total Expenses
$3,933
Mortgage P&I
62%
$2,204
Property Taxes
11%
$381
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390