This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $101k initial cash invested.
-2.11%
Cash On Cash
6.59%
Cap Rate
0.99
DSCR
$3,999
Rent
-$178
Cashflow
Cash Flow
$3,999 income − $4,177 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,380
Closing costs
1%
$3,969
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,999
Total Expenses
$4,177
Mortgage P&I
55%
$2,198
Property Taxes
12%
$479
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440