This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $103k initial cash invested.
-5.37%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$3,525
Rent
-$463
Cashflow
Cash Flow
$3,525 income − $3,988 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,525
Total Expenses
$3,988
Mortgage P&I
64%
$2,252
Property Taxes
11%
$393
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388