This property looks like a bad Mid-Term investment with a projected -12.14% first-year return on $102k initial cash invested.
-12.14%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$2,322
Rent
-$1,029
Cashflow
Cash Flow
$2,322 income − $3,351 expenses = $1,029 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%
$79,700
Closing costs
1%
$3,985
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,322
Total Expenses
$3,351
Mortgage P&I
88%
$2,046
Property Taxes
16%
$370
Home Insurance
6%
$145
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255