This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $101k initial cash invested.
-5.08%
Cash On Cash
5.56%
Cap Rate
0.86
DSCR
$3,368
Rent
-$426
Cashflow
Cash Flow
$3,368 income − $3,794 expenses = $426 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,640
Closing costs
1%
$3,932
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,368
Total Expenses
$3,794
Mortgage P&I
63%
$2,113
Property Taxes
12%
$391
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370