This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $103k initial cash invested.
-8.5%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$3,003
Rent
-$728
Cashflow
Cash Flow
$3,003 income − $3,731 expenses = $728 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,700
Closing costs
1%
$4,035
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,003
Total Expenses
$3,731
Mortgage P&I
73%
$2,190
Property Taxes
13%
$377
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330