This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $103k initial cash invested.
-7.85%
Cash On Cash
5.14%
Cap Rate
0.77
DSCR
$3,987
Rent
-$671
Cashflow
Cash Flow
$3,987 income − $4,658 expenses = $671 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%
$80,500
Closing costs
1%
$4,025
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,987
Total Expenses
$4,658
Mortgage P&I
56%
$2,236
Property Taxes
23%
$936
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$439