This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $103k initial cash invested.
-7.33%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$3,202
Rent
-$631
Cashflow
Cash Flow
$3,202 income − $3,833 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,240
Closing costs
1%
$4,062
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,202
Total Expenses
$3,833
Mortgage P&I
69%
$2,220
Property Taxes
12%
$382
Home Insurance
4%
$143
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352