This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $101k initial cash invested.
-6.8%
Cash On Cash
4.98%
Cap Rate
0.78
DSCR
$2,691
Rent
-$572
Cashflow
Cash Flow
$2,691 income − $3,263 expenses = $572 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%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$3,263
Mortgage P&I
78%
$2,104
Property Taxes
4%
$105
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296