This property looks like a bad Mid-Term investment with a projected -3.32% first-year return on $101k initial cash invested.
-3.32%
Cash On Cash
6.12%
Cap Rate
0.93
DSCR
$3,459
Rent
-$278
Cashflow
Cash Flow
$3,459 income − $3,737 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,620
Closing costs
1%
$3,931
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,459
Total Expenses
$3,737
Mortgage P&I
62%
$2,145
Property Taxes
8%
$277
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380