This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $103k initial cash invested.
-9.03%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$2,672
Rent
-$777
Cashflow
Cash Flow
$2,672 income − $3,449 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,180
Closing costs
1%
$4,059
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$3,449
Mortgage P&I
78%
$2,090
Property Taxes
11%
$301
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294