This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $101k initial cash invested.
-4.01%
Cash On Cash
5.87%
Cap Rate
0.91
DSCR
$3,578
Rent
-$338
Cashflow
Cash Flow
$3,578 income − $3,916 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,578
Total Expenses
$3,916
Mortgage P&I
60%
$2,134
Property Taxes
12%
$416
Home Insurance
4%
$133
HOA
0%
$17
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394