This property looks like a bad Mid-Term investment with a projected -8.23% first-year return on $101k initial cash invested.
-8.23%
Cash On Cash
4.79%
Cap Rate
0.73
DSCR
$3,063
Rent
-$691
Cashflow
Cash Flow
$3,063 income − $3,754 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,780
Closing costs
1%
$3,939
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,063
Total Expenses
$3,754
Mortgage P&I
70%
$2,140
Property Taxes
14%
$422
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337