This property looks like a bad Mid-Term investment with a projected -6.11% first-year return on $101k initial cash invested.
-6.11%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$3,200
Rent
-$516
Cashflow
Cash Flow
$3,200 income − $3,716 expenses = $516 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$3,716
Mortgage P&I
69%
$2,192
Property Taxes
9%
$296
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352