This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $103k initial cash invested.
-6.45%
Cash On Cash
5.37%
Cap Rate
0.81
DSCR
$3,252
Rent
-$555
Cashflow
Cash Flow
$3,252 income − $3,807 expenses = $555 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%
$81,140
Closing costs
1%
$4,057
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,252
Total Expenses
$3,807
Mortgage P&I
69%
$2,241
Property Taxes
10%
$341
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358