This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $102k initial cash invested.
-4.83%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$3,507
Rent
-$410
Cashflow
Cash Flow
$3,507 income − $3,917 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,507
Total Expenses
$3,917
Mortgage P&I
61%
$2,144
Property Taxes
10%
$359
Home Insurance
4%
$140
HOA
2%
$82
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386