This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $102k initial cash invested.
-5.62%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$2,775
Rent
-$477
Cashflow
Cash Flow
$2,775 income − $3,252 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,775
Total Expenses
$3,252
Mortgage P&I
73%
$2,029
Property Taxes
5%
$140
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305