This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $101k initial cash invested.
-2.73%
Cash On Cash
5.86%
Cap Rate
0.95
DSCR
$3,406
Rent
-$230
Cashflow
Cash Flow
$3,406 income − $3,636 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,260
Closing costs
1%
$3,963
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$3,636
Mortgage P&I
60%
$2,029
Property Taxes
9%
$292
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375