This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $101k initial cash invested.
-11.21%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$3,162
Rent
-$943
Cashflow
Cash Flow
$3,162 income − $4,105 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,162
Total Expenses
$4,105
Mortgage P&I
70%
$2,207
Property Taxes
21%
$651
Home Insurance
4%
$138
HOA
1%
$35
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348