This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $103k initial cash invested.
-9.01%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,901
Rent
-$770
Cashflow
Cash Flow
$2,901 income − $3,671 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,901
Total Expenses
$3,671
Mortgage P&I
76%
$2,205
Property Taxes
11%
$333
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319