This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $101k initial cash invested.
-4.84%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$2,984
Rent
-$407
Cashflow
Cash Flow
$2,984 income − $3,391 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,984
Total Expenses
$3,391
Mortgage P&I
72%
$2,147
Property Taxes
3%
$86
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328