This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $102k initial cash invested.
-3.85%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$3,510
Rent
-$326
Cashflow
Cash Flow
$3,510 income − $3,836 expenses = $326 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%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,510
Total Expenses
$3,836
Mortgage P&I
62%
$2,192
Property Taxes
7%
$243
Home Insurance
4%
$142
HOA
2%
$67
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386