This property looks like a bad Mid-Term investment with a projected -6.55% first-year return on $103k initial cash invested.
-6.55%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,996
Rent
-$562
Cashflow
Cash Flow
$2,996 income − $3,558 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,940
Closing costs
1%
$4,047
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$3,558
Mortgage P&I
74%
$2,230
Property Taxes
5%
$163
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330