This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $101k initial cash invested.
-6.03%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$2,871
Rent
-$507
Cashflow
Cash Flow
$2,871 income − $3,378 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,871
Total Expenses
$3,378
Mortgage P&I
75%
$2,165
Property Taxes
5%
$134
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316