This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $101k initial cash invested.
-4.02%
Cash On Cash
5.47%
Cap Rate
0.89
DSCR
$2,926
Rent
-$338
Cashflow
Cash Flow
$2,926 income − $3,264 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,926
Total Expenses
$3,264
Mortgage P&I
69%
$2,023
Property Taxes
4%
$108
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322