This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $101k initial cash invested.
-3.73%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$3,252
Rent
-$314
Cashflow
Cash Flow
$3,252 income − $3,566 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,100
Closing costs
1%
$3,955
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,252
Total Expenses
$3,566
Mortgage P&I
65%
$2,115
Property Taxes
6%
$207
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358