This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $101k initial cash invested.
-7.55%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$3,284
Rent
-$635
Cashflow
Cash Flow
$3,284 income − $3,919 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,980
Closing costs
1%
$3,949
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$3,919
Mortgage P&I
65%
$2,142
Property Taxes
15%
$503
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361