This property looks like a bad Mid-Term investment with a projected -9.97% first-year return on $103k initial cash invested.
-9.97%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$3,280
Rent
-$856
Cashflow
Cash Flow
$3,280 income − $4,136 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$4,136
Mortgage P&I
68%
$2,245
Property Taxes
19%
$634
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361