This property looks like a bad Mid-Term investment with a projected -6.56% first-year return on $101k initial cash invested.
-6.56%
Cash On Cash
5.07%
Cap Rate
0.8
DSCR
$3,321
Rent
-$554
Cashflow
Cash Flow
$3,321 income − $3,875 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,321
Total Expenses
$3,875
Mortgage P&I
63%
$2,097
Property Taxes
15%
$509
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365