This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $101k initial cash invested.
-5.35%
Cash On Cash
5.72%
Cap Rate
0.85
DSCR
$3,148
Rent
-$451
Cashflow
Cash Flow
$3,148 income − $3,599 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,140
Closing costs
1%
$3,957
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,148
Total Expenses
$3,599
Mortgage P&I
70%
$2,211
Property Taxes
6%
$174
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346