This property looks like a bad Mid-Term investment with a projected -8.14% first-year return on $101k initial cash invested.
-8.14%
Cash On Cash
4.42%
Cap Rate
0.72
DSCR
$2,943
Rent
-$686
Cashflow
Cash Flow
$2,943 income − $3,629 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$3,629
Mortgage P&I
69%
$2,027
Property Taxes
15%
$456
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324