This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $103k initial cash invested.
-5.92%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$3,080
Rent
-$506
Cashflow
Cash Flow
$3,080 income − $3,586 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,580
Closing costs
1%
$4,029
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$3,586
Mortgage P&I
66%
$2,041
Property Taxes
12%
$358
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339