This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $103k initial cash invested.
-9.45%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$3,044
Rent
-$815
Cashflow
Cash Flow
$3,044 income − $3,859 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$3,859
Mortgage P&I
73%
$2,230
Property Taxes
15%
$450
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335