This property looks like a bad Mid-Term investment with a projected -9.75% first-year return on $102k initial cash invested.
-9.75%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$2,608
Rent
-$826
Cashflow
Cash Flow
$2,608 income − $3,434 expenses = $826 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%
$79,660
Closing costs
1%
$3,983
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$3,434
Mortgage P&I
84%
$2,182
Property Taxes
9%
$222
Home Insurance
6%
$144
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287