This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $102k initial cash invested.
-4.78%
Cash On Cash
5.57%
Cap Rate
0.87
DSCR
$3,412
Rent
-$405
Cashflow
Cash Flow
$3,412 income − $3,817 expenses = $405 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,412
Total Expenses
$3,817
Mortgage P&I
62%
$2,117
Property Taxes
9%
$314
Home Insurance
4%
$145
HOA
2%
$83
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375