This property looks like a bad Mid-Term investment with a projected -9.81% first-year return on $101k initial cash invested.
-9.81%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$3,076
Rent
-$828
Cashflow
Cash Flow
$3,076 income − $3,904 expenses = $828 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%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,076
Total Expenses
$3,904
Mortgage P&I
71%
$2,187
Property Taxes
17%
$532
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338