This property looks like a bad Mid-Term investment with a projected -6.11% first-year return on $102k initial cash invested.
-6.11%
Cash On Cash
5.31%
Cap Rate
0.82
DSCR
$3,256
Rent
-$518
Cashflow
Cash Flow
$3,256 income − $3,774 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,256
Total Expenses
$3,774
Mortgage P&I
66%
$2,155
Property Taxes
11%
$372
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358