This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $101k initial cash invested.
-7.08%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$3,279
Rent
-$598
Cashflow
Cash Flow
$3,279 income − $3,877 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,320
Closing costs
1%
$3,966
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$3,877
Mortgage P&I
66%
$2,155
Property Taxes
14%
$459
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361