This property looks like a bad Mid-Term investment with a projected -11.73% first-year return on $101k initial cash invested.
-11.73%
Cash On Cash
3.51%
Cap Rate
0.56
DSCR
$2,248
Rent
-$987
Cashflow
Cash Flow
$2,248 income − $3,235 expenses = $987 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
$2,248
Total Expenses
$3,235
Mortgage P&I
91%
$2,052
Property Taxes
13%
$281
Home Insurance
6%
$138
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247