This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $101k initial cash invested.
-7.18%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$2,925
Rent
-$603
Cashflow
Cash Flow
$2,925 income − $3,528 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,780
Closing costs
1%
$3,939
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,925
Total Expenses
$3,528
Mortgage P&I
72%
$2,117
Property Taxes
9%
$276
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322