This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $101k initial cash invested.
-0.62%
Cash On Cash
7.03%
Cap Rate
1.05
DSCR
$3,940
Rent
-$52
Cashflow
Cash Flow
$3,940 income − $3,992 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,820
Closing costs
1%
$3,941
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,940
Total Expenses
$3,992
Mortgage P&I
56%
$2,204
Property Taxes
8%
$308
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433