This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $101k initial cash invested.
-4.06%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$3,392
Rent
-$343
Cashflow
Cash Flow
$3,392 income − $3,735 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,392
Total Expenses
$3,735
Mortgage P&I
64%
$2,174
Property Taxes
8%
$265
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373