This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $101k initial cash invested.
-7.65%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$2,661
Rent
-$644
Cashflow
Cash Flow
$2,661 income − $3,305 expenses = $644 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%
$79,080
Closing costs
1%
$3,954
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$3,305
Mortgage P&I
81%
$2,158
Property Taxes
4%
$105
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293