This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $102k initial cash invested.
-2.49%
Cash On Cash
6.4%
Cap Rate
0.97
DSCR
$3,816
Rent
-$211
Cashflow
Cash Flow
$3,816 income − $4,027 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,680
Closing costs
1%
$3,984
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,816
Total Expenses
$4,027
Mortgage P&I
57%
$2,182
Property Taxes
5%
$205
Home Insurance
4%
$142
HOA
5%
$200
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420