This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $101k initial cash invested.
-7.95%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$3,074
Rent
-$669
Cashflow
Cash Flow
$3,074 income − $3,743 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,074
Total Expenses
$3,743
Mortgage P&I
71%
$2,173
Property Taxes
11%
$336
Home Insurance
4%
$138
HOA
2%
$51
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338