This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $102k initial cash invested.
-4.79%
Cash On Cash
5.66%
Cap Rate
0.87
DSCR
$3,340
Rent
-$405
Cashflow
Cash Flow
$3,340 income − $3,745 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,560
Closing costs
1%
$3,978
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,340
Total Expenses
$3,745
Mortgage P&I
64%
$2,148
Property Taxes
5%
$173
Home Insurance
4%
$140
HOA
4%
$148
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367