This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $101k initial cash invested.
-6.4%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$3,106
Rent
-$538
Cashflow
Cash Flow
$3,106 income − $3,644 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,106
Total Expenses
$3,644
Mortgage P&I
68%
$2,118
Property Taxes
11%
$332
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342