This property looks like a bad Mid-Term investment with a projected -5.41% first-year return on $101k initial cash invested.
-5.41%
Cash On Cash
5.08%
Cap Rate
0.83
DSCR
$2,961
Rent
-$456
Cashflow
Cash Flow
$2,961 income − $3,417 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$3,417
Mortgage P&I
68%
$2,012
Property Taxes
7%
$219
Home Insurance
5%
$140
HOA
1%
$40
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326