This property looks like a bad Mid-Term investment with a projected -5.74% first-year return on $103k initial cash invested.
-5.74%
Cash On Cash
5.43%
Cap Rate
0.84
DSCR
$3,478
Rent
-$491
Cashflow
Cash Flow
$3,478 income − $3,969 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,540
Closing costs
1%
$4,027
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$3,969
Mortgage P&I
63%
$2,174
Property Taxes
14%
$473
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383