This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $101k initial cash invested.
-4.69%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$3,393
Rent
-$397
Cashflow
Cash Flow
$3,393 income − $3,790 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,393
Total Expenses
$3,790
Mortgage P&I
63%
$2,152
Property Taxes
10%
$353
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373