This property looks like a bad Mid-Term investment with a projected -5.46% first-year return on $102k initial cash invested.
-5.46%
Cash On Cash
5.63%
Cap Rate
0.85
DSCR
$3,464
Rent
-$463
Cashflow
Cash Flow
$3,464 income − $3,927 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,464
Total Expenses
$3,927
Mortgage P&I
63%
$2,196
Property Taxes
12%
$412
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381