This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $101k initial cash invested.
-6.18%
Cash On Cash
5.45%
Cap Rate
0.82
DSCR
$2,865
Rent
-$522
Cashflow
Cash Flow
$2,865 income − $3,387 expenses = $522 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%
$79,320
Closing costs
1%
$3,966
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,865
Total Expenses
$3,387
Mortgage P&I
77%
$2,209
Property Taxes
2%
$61
Home Insurance
5%
$142
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315