This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $101k initial cash invested.
-2.48%
Cash On Cash
6.32%
Cap Rate
0.98
DSCR
$4,106
Rent
-$208
Cashflow
Cash Flow
$4,106 income − $4,314 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,640
Closing costs
1%
$3,932
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,106
Total Expenses
$4,314
Mortgage P&I
52%
$2,115
Property Taxes
16%
$663
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452