This property looks like a bad Mid-Term investment with a projected -1.51% first-year return on $101k initial cash invested.
-1.51%
Cash On Cash
6.51%
Cap Rate
1.01
DSCR
$3,711
Rent
-$127
Cashflow
Cash Flow
$3,711 income − $3,838 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,720
Closing costs
1%
$3,936
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,711
Total Expenses
$3,838
Mortgage P&I
57%
$2,115
Property Taxes
9%
$323
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408