This property looks like a bad Mid-Term investment with a projected -8.17% first-year return on $101k initial cash invested.
-8.17%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$2,426
Rent
-$687
Cashflow
Cash Flow
$2,426 income − $3,113 expenses = $687 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%
$78,960
Closing costs
1%
$3,948
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,426
Total Expenses
$3,113
Mortgage P&I
83%
$2,012
Property Taxes
5%
$131
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267