This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $101k initial cash invested.
-3.06%
Cash On Cash
6.18%
Cap Rate
0.94
DSCR
$3,212
Rent
-$257
Cashflow
Cash Flow
$3,212 income − $3,469 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,212
Total Expenses
$3,469
Mortgage P&I
67%
$2,155
Property Taxes
2%
$72
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353