This property looks like a bad Mid-Term investment with a projected -9.71% first-year return on $101k initial cash invested.
-9.71%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,733
Rent
-$816
Cashflow
Cash Flow
$2,733 income − $3,549 expenses = $816 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%
$78,900
Closing costs
1%
$3,945
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,733
Total Expenses
$3,549
Mortgage P&I
78%
$2,130
Property Taxes
13%
$350
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301