This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $101k initial cash invested.
-5.19%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$3,088
Rent
-$437
Cashflow
Cash Flow
$3,088 income − $3,525 expenses = $437 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
$3,088
Total Expenses
$3,525
Mortgage P&I
69%
$2,132
Property Taxes
7%
$203
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340