This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $103k initial cash invested.
-5.11%
Cash On Cash
5.75%
Cap Rate
0.86
DSCR
$3,129
Rent
-$439
Cashflow
Cash Flow
$3,129 income − $3,568 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$3,568
Mortgage P&I
72%
$2,256
Property Taxes
3%
$107
Home Insurance
5%
$142
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344