This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $102k initial cash invested.
-4.78%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$3,338
Rent
-$405
Cashflow
Cash Flow
$3,338 income − $3,743 expenses = $405 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%
$79,680
Closing costs
1%
$3,984
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$3,743
Mortgage P&I
65%
$2,186
Property Taxes
8%
$272
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367