This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $101k initial cash invested.
-1.98%
Cash On Cash
6.08%
Cap Rate
0.99
DSCR
$3,675
Rent
-$167
Cashflow
Cash Flow
$3,675 income − $3,842 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,040
Closing costs
1%
$3,952
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,675
Total Expenses
$3,842
Mortgage P&I
55%
$2,023
Property Taxes
10%
$375
Home Insurance
4%
$140
HOA
2%
$55
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404