This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $101k initial cash invested.
-9.2%
Cash On Cash
4.27%
Cap Rate
0.68
DSCR
$3,026
Rent
-$778
Cashflow
Cash Flow
$3,026 income − $3,804 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,026
Total Expenses
$3,804
Mortgage P&I
68%
$2,072
Property Taxes
6%
$181
Home Insurance
17%
$522
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333