This property looks like a bad Mid-Term investment with a projected -8.91% first-year return on $103k initial cash invested.
-8.91%
Cash On Cash
4.32%
Cap Rate
0.69
DSCR
$2,878
Rent
-$764
Cashflow
Cash Flow
$2,878 income − $3,642 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,800
Closing costs
1%
$4,040
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$3,642
Mortgage P&I
73%
$2,102
Property Taxes
15%
$421
Home Insurance
5%
$141
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317