This property looks like a bad Mid-Term investment with a projected -5.74% first-year return on $103k initial cash invested.
-5.74%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$2,928
Rent
-$492
Cashflow
Cash Flow
$2,928 income − $3,420 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,760
Closing costs
1%
$4,038
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$3,420
Mortgage P&I
75%
$2,195
Property Taxes
3%
$83
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322