This property looks like a bad Mid-Term investment with a projected -7.99% first-year return on $102k initial cash invested.
-7.99%
Cash On Cash
5%
Cap Rate
0.75
DSCR
$2,781
Rent
-$678
Cashflow
Cash Flow
$2,781 income − $3,459 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,781
Total Expenses
$3,459
Mortgage P&I
80%
$2,230
Property Taxes
5%
$144
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306