This property looks like a bad Mid-Term investment with a projected -7.97% first-year return on $101k initial cash invested.
-7.97%
Cash On Cash
4.97%
Cap Rate
0.76
DSCR
$3,525
Rent
-$673
Cashflow
Cash Flow
$3,525 income − $4,198 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,525
Total Expenses
$4,198
Mortgage P&I
62%
$2,175
Property Taxes
19%
$684
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388