This property looks like a bad Mid-Term investment with a projected -8.4% first-year return on $103k initial cash invested.
-8.4%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$2,517
Rent
-$720
Cashflow
Cash Flow
$2,517 income − $3,237 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,517
Total Expenses
$3,237
Mortgage P&I
82%
$2,062
Property Taxes
7%
$178
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277