This property looks like a bad Mid-Term investment with a projected -9.96% first-year return on $102k initial cash invested.
-9.96%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$3,039
Rent
-$845
Cashflow
Cash Flow
$3,039 income − $3,884 expenses = $845 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%
$79,860
Closing costs
1%
$3,993
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,039
Total Expenses
$3,884
Mortgage P&I
71%
$2,172
Property Taxes
18%
$536
Home Insurance
5%
$142
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334