This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $101k initial cash invested.
-1.91%
Cash On Cash
6.41%
Cap Rate
0.99
DSCR
$3,524
Rent
-$161
Cashflow
Cash Flow
$3,524 income − $3,685 expenses = $161 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%
$79,380
Closing costs
1%
$3,969
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$3,685
Mortgage P&I
61%
$2,139
Property Taxes
6%
$206
Home Insurance
4%
$139
HOA
0%
$2
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388