This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $101k initial cash invested.
-4.68%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$3,633
Rent
-$395
Cashflow
Cash Flow
$3,633 income − $4,028 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$4,028
Mortgage P&I
59%
$2,141
Property Taxes
14%
$498
Home Insurance
4%
$150
HOA
0%
$4
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400