This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $101k initial cash invested.
-3.62%
Cash On Cash
5.98%
Cap Rate
0.92
DSCR
$3,423
Rent
-$305
Cashflow
Cash Flow
$3,423 income − $3,728 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,240
Closing costs
1%
$3,962
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$3,728
Mortgage P&I
63%
$2,144
Property Taxes
7%
$253
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377