This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $102k initial cash invested.
-3.23%
Cash On Cash
5.96%
Cap Rate
0.94
DSCR
$3,642
Rent
-$274
Cashflow
Cash Flow
$3,642 income − $3,916 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,660
Closing costs
1%
$3,983
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$3,916
Mortgage P&I
58%
$2,106
Property Taxes
12%
$427
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401