This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $101k initial cash invested.
-3.52%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$4,092
Rent
-$295
Cashflow
Cash Flow
$4,092 income − $4,387 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,600
Closing costs
1%
$3,930
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,092
Total Expenses
$4,387
Mortgage P&I
53%
$2,150
Property Taxes
17%
$712
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450