This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $101k initial cash invested.
-5.82%
Cash On Cash
5.34%
Cap Rate
0.83
DSCR
$3,276
Rent
-$492
Cashflow
Cash Flow
$3,276 income − $3,768 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,400
Closing costs
1%
$3,970
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,276
Total Expenses
$3,768
Mortgage P&I
65%
$2,129
Property Taxes
12%
$387
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360