This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $103k initial cash invested.
-9.91%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$2,463
Rent
-$848
Cashflow
Cash Flow
$2,463 income − $3,311 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,640
Closing costs
1%
$4,032
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,463
Total Expenses
$3,311
Mortgage P&I
90%
$2,217
Property Taxes
4%
$106
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271