This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $101k initial cash invested.
-10.73%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$2,286
Rent
-$900
Cashflow
Cash Flow
$2,286 income − $3,186 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,680
Closing costs
1%
$3,934
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,286
Total Expenses
$3,186
Mortgage P&I
92%
$2,094
Property Taxes
6%
$146
Home Insurance
6%
$140
HOA
1%
$30
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$69
Maintenance
4%
$91
Other
11%
$251