This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $101k initial cash invested.
-5.54%
Cash On Cash
5.66%
Cap Rate
0.86
DSCR
$3,880
Rent
-$466
Cashflow
Cash Flow
$3,880 income − $4,346 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,880
Total Expenses
$4,346
Mortgage P&I
56%
$2,174
Property Taxes
17%
$643
Home Insurance
4%
$138
HOA
2%
$72
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427