This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $102k initial cash invested.
-2.5%
Cash On Cash
6.18%
Cap Rate
0.97
DSCR
$3,621
Rent
-$212
Cashflow
Cash Flow
$3,621 income − $3,833 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,621
Total Expenses
$3,833
Mortgage P&I
58%
$2,117
Property Taxes
10%
$344
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398