This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $101k initial cash invested.
-5.54%
Cash On Cash
5.35%
Cap Rate
0.84
DSCR
$2,998
Rent
-$468
Cashflow
Cash Flow
$2,998 income − $3,466 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,360
Closing costs
1%
$3,968
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$3,466
Mortgage P&I
71%
$2,117
Property Taxes
6%
$189
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330