This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $101k initial cash invested.
-4.82%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$4,044
Rent
-$406
Cashflow
Cash Flow
$4,044 income − $4,450 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,200
Closing costs
1%
$3,960
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,044
Total Expenses
$4,450
Mortgage P&I
54%
$2,181
Property Taxes
18%
$723
Home Insurance
3%
$140
HOA
1%
$31
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445