This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $101k initial cash invested.
-1.58%
Cash On Cash
6.59%
Cap Rate
1.01
DSCR
$3,844
Rent
-$133
Cashflow
Cash Flow
$3,844 income − $3,977 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,844
Total Expenses
$3,977
Mortgage P&I
56%
$2,156
Property Taxes
10%
$374
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423