This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $101k initial cash invested.
-3.23%
Cash On Cash
6.07%
Cap Rate
0.94
DSCR
$3,576
Rent
-$273
Cashflow
Cash Flow
$3,576 income − $3,849 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,420
Closing costs
1%
$3,971
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,576
Total Expenses
$3,849
Mortgage P&I
60%
$2,140
Property Taxes
10%
$356
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393