This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $101k initial cash invested.
-3.36%
Cash On Cash
5.76%
Cap Rate
0.93
DSCR
$3,648
Rent
-$282
Cashflow
Cash Flow
$3,648 income − $3,930 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,820
Closing costs
1%
$3,941
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,648
Total Expenses
$3,930
Mortgage P&I
56%
$2,029
Property Taxes
13%
$488
Home Insurance
4%
$140
HOA
1%
$33
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401