This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $102k initial cash invested.
-3.49%
Cash On Cash
5.78%
Cap Rate
0.92
DSCR
$2,998
Rent
-$296
Cashflow
Cash Flow
$2,998 income − $3,294 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,998
Total Expenses
$3,294
Mortgage P&I
70%
$2,097
Property Taxes
1%
$37
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330