This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $101k initial cash invested.
-3.6%
Cash On Cash
5.65%
Cap Rate
0.92
DSCR
$3,614
Rent
-$304
Cashflow
Cash Flow
$3,614 income − $3,918 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,360
Closing costs
1%
$3,968
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$3,918
Mortgage P&I
56%
$2,028
Property Taxes
14%
$520
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398