This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $101k initial cash invested.
-2.3%
Cash On Cash
5.99%
Cap Rate
0.98
DSCR
$3,687
Rent
-$193
Cashflow
Cash Flow
$3,687 income − $3,880 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,760
Closing costs
1%
$3,938
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,687
Total Expenses
$3,880
Mortgage P&I
55%
$2,012
Property Taxes
13%
$490
Home Insurance
3%
$119
HOA
0%
$6
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$406