This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $103k initial cash invested.
-9.76%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$2,301
Rent
-$834
Cashflow
Cash Flow
$2,301 income − $3,135 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,480
Closing costs
1%
$4,024
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,301
Total Expenses
$3,135
Mortgage P&I
89%
$2,059
Property Taxes
6%
$128
Home Insurance
7%
$166
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253