This property looks like a bad Mid-Term investment with a projected -6.54% first-year return on $101k initial cash invested.
-6.54%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$2,836
Rent
-$549
Cashflow
Cash Flow
$2,836 income − $3,385 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,836
Total Expenses
$3,385
Mortgage P&I
75%
$2,141
Property Taxes
5%
$136
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312