This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $101k initial cash invested.
-4.5%
Cash On Cash
5.49%
Cap Rate
0.9
DSCR
$4,257
Rent
-$381
Cashflow
Cash Flow
$4,257 income − $4,638 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,520
Closing costs
1%
$3,976
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,257
Total Expenses
$4,638
Mortgage P&I
48%
$2,029
Property Taxes
24%
$1,020
Home Insurance
3%
$142
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468