This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $101k initial cash invested.
-8.7%
Cash On Cash
4.78%
Cap Rate
0.72
DSCR
$2,868
Rent
-$732
Cashflow
Cash Flow
$2,868 income − $3,600 expenses = $732 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
$2,868
Total Expenses
$3,600
Mortgage P&I
76%
$2,191
Property Taxes
10%
$296
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315