This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $103k initial cash invested.
-7.07%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$2,842
Rent
-$608
Cashflow
Cash Flow
$2,842 income − $3,450 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,188
Closing costs
1%
$4,059
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$3,450
Mortgage P&I
79%
$2,237
Property Taxes
0%
$3
Home Insurance
5%
$142
HOA
4%
$101
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313