This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $102k initial cash invested.
-2.65%
Cash On Cash
6.49%
Cap Rate
0.97
DSCR
$3,786
Rent
-$224
Cashflow
Cash Flow
$3,786 income − $4,010 expenses = $224 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%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,786
Total Expenses
$4,010
Mortgage P&I
59%
$2,224
Property Taxes
8%
$318
Home Insurance
4%
$140
HOA
1%
$42
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416