This property looks like a bad Mid-Term investment with a projected -11.28% first-year return on $101k initial cash invested.
-11.28%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,806
Rent
-$947
Cashflow
Cash Flow
$2,806 income − $3,753 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,840
Closing costs
1%
$3,942
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$3,753
Mortgage P&I
77%
$2,173
Property Taxes
17%
$486
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309