This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $102k initial cash invested.
-4.47%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$3,492
Rent
-$379
Cashflow
Cash Flow
$3,492 income − $3,871 expenses = $379 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
$3,492
Total Expenses
$3,871
Mortgage P&I
63%
$2,187
Property Taxes
10%
$356
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384