This property looks like a bad Mid-Term investment with a projected -17.53% first-year return on $101k initial cash invested.
-17.53%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$2,628
Rent
-$1,479
Cashflow
Cash Flow
$2,628 income − $4,107 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,260
Closing costs
1%
$3,963
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,628
Total Expenses
$4,107
Mortgage P&I
83%
$2,177
Property Taxes
33%
$874
Home Insurance
6%
$163
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289