This property looks like a bad Mid-Term investment with a projected -6.29% first-year return on $103k initial cash invested.
-6.29%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$3,316
Rent
-$540
Cashflow
Cash Flow
$3,316 income − $3,856 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,900
Closing costs
1%
$4,045
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$3,856
Mortgage P&I
67%
$2,215
Property Taxes
11%
$369
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365