This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $101k initial cash invested.
-2.73%
Cash On Cash
6.35%
Cap Rate
0.97
DSCR
$3,958
Rent
-$230
Cashflow
Cash Flow
$3,958 income − $4,188 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,180
Closing costs
1%
$3,959
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,958
Total Expenses
$4,188
Mortgage P&I
55%
$2,168
Property Taxes
11%
$424
Home Insurance
4%
$140
HOA
3%
$111
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435