This property looks like a bad Mid-Term investment with a projected -8.13% first-year return on $102k initial cash invested.
-8.13%
Cash On Cash
4.4%
Cap Rate
0.71
DSCR
$2,457
Rent
-$690
Cashflow
Cash Flow
$2,457 income − $3,147 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,457
Total Expenses
$3,147
Mortgage P&I
84%
$2,056
Property Taxes
5%
$116
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270