This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $101k initial cash invested.
-2.69%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$4,449
Rent
-$227
Cashflow
Cash Flow
$4,449 income − $4,676 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,140
Closing costs
1%
$3,957
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,449
Total Expenses
$4,676
Mortgage P&I
48%
$2,124
Property Taxes
20%
$900
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489