This property looks like a bad Mid-Term investment with a projected -14.64% first-year return on $103k initial cash invested.
-14.64%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$1,862
Rent
-$1,260
Cashflow
Cash Flow
$1,862 income − $3,122 expenses = $1,260 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,862
Total Expenses
$3,122
Mortgage P&I
112%
$2,077
Property Taxes
15%
$271
Home Insurance
8%
$142
HOA
0%
$0
Property Management
12%
$223
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$205