This property looks like a bad Mid-Term investment with a projected -9.88% first-year return on $101k initial cash invested.
-9.88%
Cash On Cash
4.32%
Cap Rate
0.66
DSCR
$2,476
Rent
-$831
Cashflow
Cash Flow
$2,476 income − $3,307 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,476
Total Expenses
$3,307
Mortgage P&I
87%
$2,154
Property Taxes
7%
$174
Home Insurance
6%
$138
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272