This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $102k initial cash invested.
-6.03%
Cash On Cash
5.64%
Cap Rate
0.83
DSCR
$3,198
Rent
-$511
Cashflow
Cash Flow
$3,198 income − $3,709 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,680
Closing costs
1%
$3,984
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,198
Total Expenses
$3,709
Mortgage P&I
70%
$2,254
Property Taxes
6%
$207
Home Insurance
4%
$143
HOA
1%
$17
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352