This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $103k initial cash invested.
-7.91%
Cash On Cash
4.53%
Cap Rate
0.73
DSCR
$2,794
Rent
-$676
Cashflow
Cash Flow
$2,794 income − $3,470 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,540
Closing costs
1%
$4,027
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,794
Total Expenses
$3,470
Mortgage P&I
75%
$2,083
Property Taxes
10%
$293
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307