This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $102k initial cash invested.
-4.2%
Cash On Cash
5.84%
Cap Rate
0.9
DSCR
$3,477
Rent
-$356
Cashflow
Cash Flow
$3,477 income − $3,833 expenses = $356 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
$3,477
Total Expenses
$3,833
Mortgage P&I
62%
$2,160
Property Taxes
10%
$352
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382