This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $102k initial cash invested.
-4.22%
Cash On Cash
5.46%
Cap Rate
0.88
DSCR
$2,952
Rent
-$358
Cashflow
Cash Flow
$2,952 income − $3,310 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,952
Total Expenses
$3,310
Mortgage P&I
70%
$2,056
Property Taxes
4%
$110
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325