This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $102k initial cash invested.
-2.99%
Cash On Cash
6.36%
Cap Rate
0.95
DSCR
$3,849
Rent
-$254
Cashflow
Cash Flow
$3,849 income − $4,103 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,849
Total Expenses
$4,103
Mortgage P&I
58%
$2,214
Property Taxes
11%
$441
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423