This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $103k initial cash invested.
-7.4%
Cash On Cash
4.52%
Cap Rate
0.74
DSCR
$2,484
Rent
-$635
Cashflow
Cash Flow
$2,484 income − $3,119 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,940
Closing costs
1%
$4,047
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$3,119
Mortgage P&I
83%
$2,060
Property Taxes
3%
$66
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273