This property looks like a bad Mid-Term investment with a projected -4.81% first-year return on $102k initial cash invested.
-4.81%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$3,116
Rent
-$408
Cashflow
Cash Flow
$3,116 income − $3,524 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,116
Total Expenses
$3,524
Mortgage P&I
71%
$2,201
Property Taxes
4%
$123
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343