This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $101k initial cash invested.
-5.84%
Cash On Cash
5.43%
Cap Rate
0.83
DSCR
$3,054
Rent
-$491
Cashflow
Cash Flow
$3,054 income − $3,545 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$3,545
Mortgage P&I
71%
$2,156
Property Taxes
7%
$213
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336