This property looks like a bad Mid-Term investment with a projected -10.79% first-year return on $102k initial cash invested.
-10.79%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$2,838
Rent
-$915
Cashflow
Cash Flow
$2,838 income − $3,753 expenses = $915 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
$2,838
Total Expenses
$3,753
Mortgage P&I
77%
$2,187
Property Taxes
16%
$460
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312