This property looks like a bad Mid-Term investment with a projected -11.82% first-year return on $101k initial cash invested.
-11.82%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$2,181
Rent
-$994
Cashflow
Cash Flow
$2,181 income − $3,175 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,181
Total Expenses
$3,175
Mortgage P&I
98%
$2,131
Property Taxes
8%
$165
Home Insurance
6%
$138
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240