This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $101k initial cash invested.
-5.2%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$3,652
Rent
-$437
Cashflow
Cash Flow
$3,652 income − $4,089 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,820
Closing costs
1%
$3,941
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,652
Total Expenses
$4,089
Mortgage P&I
58%
$2,113
Property Taxes
10%
$369
Home Insurance
4%
$138
HOA
6%
$227
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402