This property looks like a bad Mid-Term investment with a projected -5.42% first-year return on $101k initial cash invested.
-5.42%
Cash On Cash
5.43%
Cap Rate
0.85
DSCR
$3,249
Rent
-$456
Cashflow
Cash Flow
$3,249 income − $3,705 expenses = $456 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
$3,249
Total Expenses
$3,705
Mortgage P&I
65%
$2,114
Property Taxes
11%
$349
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357