This property looks like a bad Mid-Term investment with a projected -6.44% first-year return on $102k initial cash invested.
-6.44%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$3,506
Rent
-$545
Cashflow
Cash Flow
$3,506 income − $4,051 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,540
Closing costs
1%
$3,977
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$4,051
Mortgage P&I
61%
$2,144
Property Taxes
11%
$373
Home Insurance
4%
$140
HOA
6%
$202
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386