This property looks like a bad Mid-Term investment with a projected -2.81% first-year return on $101k initial cash invested.
-2.81%
Cash On Cash
6.42%
Cap Rate
0.96
DSCR
$3,802
Rent
-$237
Cashflow
Cash Flow
$3,802 income − $4,039 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,200
Closing costs
1%
$3,960
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,802
Total Expenses
$4,039
Mortgage P&I
58%
$2,205
Property Taxes
10%
$392
Home Insurance
4%
$140
HOA
0%
$10
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418