This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $101k initial cash invested.
-2.39%
Cash On Cash
6.4%
Cap Rate
0.98
DSCR
$3,752
Rent
-$201
Cashflow
Cash Flow
$3,752 income − $3,953 expenses = $201 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,752
Total Expenses
$3,953
Mortgage P&I
58%
$2,158
Property Taxes
10%
$381
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413