This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $101k initial cash invested.
-0.25%
Cash On Cash
7.04%
Cap Rate
1.06
DSCR
$3,616
Rent
-$21
Cashflow
Cash Flow
$3,616 income − $3,637 expenses = $21 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,616
Total Expenses
$3,637
Mortgage P&I
61%
$2,192
Property Taxes
2%
$77
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398