This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $101k initial cash invested.
-7.25%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$2,920
Rent
-$610
Cashflow
Cash Flow
$2,920 income − $3,530 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,920
Total Expenses
$3,530
Mortgage P&I
75%
$2,180
Property Taxes
8%
$219
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321