This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $103k initial cash invested.
-6.77%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$3,242
Rent
-$580
Cashflow
Cash Flow
$3,242 income − $3,822 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,242
Total Expenses
$3,822
Mortgage P&I
67%
$2,187
Property Taxes
12%
$385
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357