This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $101k initial cash invested.
-3.94%
Cash On Cash
6.1%
Cap Rate
0.92
DSCR
$3,788
Rent
-$330
Cashflow
Cash Flow
$3,788 income − $4,118 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,660
Closing costs
1%
$3,933
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$4,118
Mortgage P&I
57%
$2,177
Property Taxes
13%
$506
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417