This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $101k initial cash invested.
-2.02%
Cash On Cash
6.62%
Cap Rate
0.99
DSCR
$3,538
Rent
-$171
Cashflow
Cash Flow
$3,538 income − $3,709 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,420
Closing costs
1%
$3,971
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,538
Total Expenses
$3,709
Mortgage P&I
63%
$2,221
Property Taxes
4%
$144
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389