This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $102k initial cash invested.
-3.89%
Cash On Cash
5.52%
Cap Rate
0.9
DSCR
$3,141
Rent
-$329
Cashflow
Cash Flow
$3,141 income − $3,470 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,560
Closing costs
1%
$3,978
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,141
Total Expenses
$3,470
Mortgage P&I
65%
$2,032
Property Taxes
7%
$230
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346