This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $103k initial cash invested.
-10.45%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$3,114
Rent
-$899
Cashflow
Cash Flow
$3,114 income − $4,013 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,200
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,114
Total Expenses
$4,013
Mortgage P&I
72%
$2,251
Property Taxes
17%
$541
Home Insurance
5%
$144
HOA
1%
$17
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343