This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $101k initial cash invested.
-2.22%
Cash On Cash
6.32%
Cap Rate
0.99
DSCR
$3,966
Rent
-$187
Cashflow
Cash Flow
$3,966 income − $4,153 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$4,153
Mortgage P&I
53%
$2,113
Property Taxes
12%
$480
Home Insurance
4%
$150
HOA
2%
$61
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436