This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $102k initial cash invested.
-5.53%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$3,260
Rent
-$468
Cashflow
Cash Flow
$3,260 income − $3,728 expenses = $468 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
$3,260
Total Expenses
$3,728
Mortgage P&I
68%
$2,221
Property Taxes
8%
$259
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359