This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $103k initial cash invested.
-7.55%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$3,069
Rent
-$646
Cashflow
Cash Flow
$3,069 income − $3,715 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,680
Closing costs
1%
$4,034
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$3,715
Mortgage P&I
71%
$2,192
Property Taxes
11%
$339
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338