This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $101k initial cash invested.
-4.55%
Cash On Cash
5.6%
Cap Rate
0.88
DSCR
$3,092
Rent
-$382
Cashflow
Cash Flow
$3,092 income − $3,474 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,900
Closing costs
1%
$3,945
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,092
Total Expenses
$3,474
Mortgage P&I
68%
$2,099
Property Taxes
6%
$185
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340