This property looks like a bad Mid-Term investment with a projected -5.32% first-year return on $102k initial cash invested.
-5.32%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$3,282
Rent
-$451
Cashflow
Cash Flow
$3,282 income − $3,733 expenses = $451 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
$3,282
Total Expenses
$3,733
Mortgage P&I
67%
$2,186
Property Taxes
9%
$292
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361