This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $101k initial cash invested.
-4.55%
Cash On Cash
5.5%
Cap Rate
0.88
DSCR
$3,375
Rent
-$383
Cashflow
Cash Flow
$3,375 income − $3,758 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,375
Total Expenses
$3,758
Mortgage P&I
61%
$2,060
Property Taxes
12%
$413
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371