This property looks like a bad Mid-Term investment with a projected -2.13% first-year return on $102k initial cash invested.
-2.13%
Cash On Cash
6.4%
Cap Rate
0.99
DSCR
$3,975
Rent
-$181
Cashflow
Cash Flow
$3,975 income − $4,156 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,780
Closing costs
1%
$3,989
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$4,156
Mortgage P&I
54%
$2,149
Property Taxes
13%
$506
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437