This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $102k initial cash invested.
-1.62%
Cash On Cash
6.76%
Cap Rate
1.02
DSCR
$4,304
Rent
-$137
Cashflow
Cash Flow
$4,304 income − $4,441 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,304
Total Expenses
$4,441
Mortgage P&I
51%
$2,207
Property Taxes
15%
$635
Home Insurance
3%
$137
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473