This property looks like a bad Mid-Term investment with a projected -8.87% first-year return on $103k initial cash invested.
-8.87%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$2,916
Rent
-$763
Cashflow
Cash Flow
$2,916 income − $3,679 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,200
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,679
Mortgage P&I
75%
$2,177
Property Taxes
13%
$366
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321