This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $102k initial cash invested.
-1.1%
Cash On Cash
6.96%
Cap Rate
1.03
DSCR
$4,102
Rent
-$93
Cashflow
Cash Flow
$4,102 income − $4,195 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,102
Total Expenses
$4,195
Mortgage P&I
55%
$2,239
Property Taxes
10%
$422
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451