This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $101k initial cash invested.
-5.14%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$3,610
Rent
-$433
Cashflow
Cash Flow
$3,610 income − $4,043 expenses = $433 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%
$79,060
Closing costs
1%
$3,953
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,610
Total Expenses
$4,043
Mortgage P&I
60%
$2,163
Property Taxes
14%
$514
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397