This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $102k initial cash invested.
-2.49%
Cash On Cash
5.93%
Cap Rate
0.97
DSCR
$3,561
Rent
-$211
Cashflow
Cash Flow
$3,561 income − $3,772 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,561
Total Expenses
$3,772
Mortgage P&I
57%
$2,040
Property Taxes
11%
$382
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392