This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $101k initial cash invested.
-9.03%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$3,327
Rent
-$758
Cashflow
Cash Flow
$3,327 income − $4,085 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,780
Closing costs
1%
$3,939
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$4,085
Mortgage P&I
64%
$2,145
Property Taxes
20%
$669
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366