This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $101k initial cash invested.
-6.93%
Cash On Cash
4.56%
Cap Rate
0.76
DSCR
$2,636
Rent
-$581
Cashflow
Cash Flow
$2,636 income − $3,217 expenses = $581 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,680
Closing costs
1%
$3,934
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,636
Total Expenses
$3,217
Mortgage P&I
75%
$1,970
Property Taxes
8%
$212
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290