This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $101k initial cash invested.
-1.56%
Cash On Cash
6.59%
Cap Rate
1.01
DSCR
$4,050
Rent
-$131
Cashflow
Cash Flow
$4,050 income − $4,181 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,940
Closing costs
1%
$3,947
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,050
Total Expenses
$4,181
Mortgage P&I
53%
$2,136
Property Taxes
13%
$515
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446