This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $101k initial cash invested.
-3.18%
Cash On Cash
5.86%
Cap Rate
0.95
DSCR
$3,963
Rent
-$266
Cashflow
Cash Flow
$3,963 income − $4,229 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,580
Closing costs
1%
$3,929
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,963
Total Expenses
$4,229
Mortgage P&I
51%
$2,026
Property Taxes
18%
$714
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436