This property looks like a bad Mid-Term investment with a projected -10.27% first-year return on $102k initial cash invested.
-10.27%
Cash On Cash
4.37%
Cap Rate
0.65
DSCR
$2,532
Rent
-$869
Cashflow
Cash Flow
$2,532 income − $3,401 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$3,401
Mortgage P&I
88%
$2,216
Property Taxes
7%
$185
Home Insurance
5%
$139
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279