This property looks like a bad Mid-Term investment with a projected -0.44% first-year return on $102k initial cash invested.
-0.44%
Cash On Cash
6.55%
Cap Rate
1.07
DSCR
$4,353
Rent
-$37
Cashflow
Cash Flow
$4,353 income − $4,390 expenses = $37 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
$4,353
Total Expenses
$4,390
Mortgage P&I
47%
$2,035
Property Taxes
16%
$688
Home Insurance
3%
$140
HOA
1%
$47
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479