This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $101k initial cash invested.
-1.53%
Cash On Cash
6.16%
Cap Rate
1
DSCR
$3,324
Rent
-$129
Cashflow
Cash Flow
$3,324 income − $3,453 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,220
Closing costs
1%
$3,961
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,324
Total Expenses
$3,453
Mortgage P&I
61%
$2,030
Property Taxes
6%
$187
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366