This property looks like a bad Mid-Term investment with a projected -8.21% first-year return on $102k initial cash invested.
-8.21%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$3,178
Rent
-$697
Cashflow
Cash Flow
$3,178 income − $3,875 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,860
Closing costs
1%
$3,993
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,178
Total Expenses
$3,875
Mortgage P&I
68%
$2,169
Property Taxes
15%
$486
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350