This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $101k initial cash invested.
-5.27%
Cash On Cash
5.73%
Cap Rate
0.86
DSCR
$3,704
Rent
-$442
Cashflow
Cash Flow
$3,704 income − $4,146 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,704
Total Expenses
$4,146
Mortgage P&I
59%
$2,173
Property Taxes
15%
$568
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407