This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $103k initial cash invested.
-6.6%
Cash On Cash
4.72%
Cap Rate
0.78
DSCR
$2,661
Rent
-$565
Cashflow
Cash Flow
$2,661 income − $3,226 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,660
Closing costs
1%
$4,033
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$3,226
Mortgage P&I
77%
$2,046
Property Taxes
6%
$148
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293