This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $101k initial cash invested.
-1.82%
Cash On Cash
6.46%
Cap Rate
1.01
DSCR
$4,132
Rent
-$153
Cashflow
Cash Flow
$4,132 income − $4,285 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,132
Total Expenses
$4,285
Mortgage P&I
51%
$2,114
Property Taxes
15%
$628
Home Insurance
3%
$138
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455