This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $102k initial cash invested.
-7.23%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$3,393
Rent
-$613
Cashflow
Cash Flow
$3,393 income − $4,006 expenses = $613 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
$3,393
Total Expenses
$4,006
Mortgage P&I
65%
$2,192
Property Taxes
15%
$520
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373