This property looks like a bad Mid-Term investment with a projected -13.32% first-year return on $101k initial cash invested.
-13.32%
Cash On Cash
3.73%
Cap Rate
0.54
DSCR
$2,348
Rent
-$1,126
Cashflow
Cash Flow
$2,348 income − $3,474 expenses = $1,126 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,500
Closing costs
1%
$3,975
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,348
Total Expenses
$3,474
Mortgage P&I
97%
$2,268
Property Taxes
10%
$245
Home Insurance
7%
$163
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258