This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $102k initial cash invested.
-2.06%
Cash On Cash
6.44%
Cap Rate
0.98
DSCR
$3,405
Rent
-$175
Cashflow
Cash Flow
$3,405 income − $3,580 expenses = $175 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
$3,405
Total Expenses
$3,580
Mortgage P&I
64%
$2,180
Property Taxes
3%
$102
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375