This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $102k initial cash invested.
-2.07%
Cash On Cash
5.95%
Cap Rate
0.98
DSCR
$3,266
Rent
-$176
Cashflow
Cash Flow
$3,266 income − $3,442 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,266
Total Expenses
$3,442
Mortgage P&I
62%
$2,023
Property Taxes
5%
$168
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359