This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $103k initial cash invested.
-6.86%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$3,166
Rent
-$589
Cashflow
Cash Flow
$3,166 income − $3,755 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,920
Closing costs
1%
$4,046
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,166
Total Expenses
$3,755
Mortgage P&I
69%
$2,173
Property Taxes
11%
$350
Home Insurance
5%
$145
HOA
0%
$10
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348