This property looks like a bad Mid-Term investment with a projected -11.22% first-year return on $101k initial cash invested.
-11.22%
Cash On Cash
4.08%
Cap Rate
0.61
DSCR
$2,334
Rent
-$948
Cashflow
Cash Flow
$2,334 income − $3,282 expenses = $948 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%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$3,282
Mortgage P&I
95%
$2,206
Property Taxes
6%
$138
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257