This property looks like a bad Mid-Term investment with a projected -13.25% first-year return on $103k initial cash invested.
-13.25%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$3,016
Rent
-$1,133
Cashflow
Cash Flow
$3,016 income − $4,149 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,016
Total Expenses
$4,149
Mortgage P&I
74%
$2,236
Property Taxes
16%
$493
Home Insurance
5%
$144
HOA
8%
$250
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332