This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $101k initial cash invested.
-5.25%
Cash On Cash
5.3%
Cap Rate
0.85
DSCR
$3,442
Rent
-$444
Cashflow
Cash Flow
$3,442 income − $3,886 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,440
Closing costs
1%
$3,972
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,442
Total Expenses
$3,886
Mortgage P&I
60%
$2,059
Property Taxes
15%
$510
Home Insurance
4%
$146
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379