This property looks like a bad Mid-Term investment with a projected -12.55% first-year return on $101k initial cash invested.
-12.55%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$2,956
Rent
-$1,055
Cashflow
Cash Flow
$2,956 income − $4,011 expenses = $1,055 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,940
Closing costs
1%
$3,947
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$4,011
Mortgage P&I
71%
$2,092
Property Taxes
22%
$643
Home Insurance
9%
$271
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325