This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $102k initial cash invested.
-2.66%
Cash On Cash
5.87%
Cap Rate
0.96
DSCR
$3,656
Rent
-$225
Cashflow
Cash Flow
$3,656 income − $3,881 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,656
Total Expenses
$3,881
Mortgage P&I
55%
$2,027
Property Taxes
12%
$421
Home Insurance
4%
$140
HOA
1%
$50
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402