This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $103k initial cash invested.
-10.86%
Cash On Cash
4.3%
Cap Rate
0.64
DSCR
$2,818
Rent
-$936
Cashflow
Cash Flow
$2,818 income − $3,754 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,380
Closing costs
1%
$4,069
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,818
Total Expenses
$3,754
Mortgage P&I
81%
$2,281
Property Taxes
13%
$374
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310