This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $101k initial cash invested.
-1.12%
Cash On Cash
6.21%
Cap Rate
1.02
DSCR
$3,430
Rent
-$94
Cashflow
Cash Flow
$3,430 income − $3,524 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,920
Closing costs
1%
$3,946
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,430
Total Expenses
$3,524
Mortgage P&I
58%
$1,998
Property Taxes
6%
$212
Home Insurance
4%
$138
HOA
0%
$10
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377