This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $101k initial cash invested.
-5.49%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$3,420
Rent
-$462
Cashflow
Cash Flow
$3,420 income − $3,882 expenses = $462 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,420
Total Expenses
$3,882
Mortgage P&I
64%
$2,191
Property Taxes
11%
$390
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376