This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $101k initial cash invested.
-1.39%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$3,592
Rent
-$117
Cashflow
Cash Flow
$3,592 income − $3,709 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,592
Total Expenses
$3,709
Mortgage P&I
59%
$2,133
Property Taxes
6%
$216
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395