This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $103k initial cash invested.
-5.86%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$3,234
Rent
-$504
Cashflow
Cash Flow
$3,234 income − $3,738 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,160
Closing costs
1%
$4,058
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$3,738
Mortgage P&I
68%
$2,189
Property Taxes
9%
$287
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356