This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $102k initial cash invested.
-8.71%
Cash On Cash
4.78%
Cap Rate
0.72
DSCR
$3,174
Rent
-$739
Cashflow
Cash Flow
$3,174 income − $3,913 expenses = $739 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
$3,174
Total Expenses
$3,913
Mortgage P&I
69%
$2,201
Property Taxes
1%
$43
Home Insurance
4%
$140
HOA
14%
$450
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349