This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $101k initial cash invested.
-4.66%
Cash On Cash
5.4%
Cap Rate
0.88
DSCR
$3,698
Rent
-$392
Cashflow
Cash Flow
$3,698 income − $4,090 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,698
Total Expenses
$4,090
Mortgage P&I
55%
$2,023
Property Taxes
17%
$640
Home Insurance
4%
$140
HOA
1%
$29
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407