This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $102k initial cash invested.
-4.56%
Cash On Cash
5.81%
Cap Rate
0.89
DSCR
$3,717
Rent
-$386
Cashflow
Cash Flow
$3,717 income − $4,103 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$4,103
Mortgage P&I
58%
$2,164
Property Taxes
14%
$530
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409