This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $102k initial cash invested.
-4.27%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$3,321
Rent
-$362
Cashflow
Cash Flow
$3,321 income − $3,683 expenses = $362 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
$3,321
Total Expenses
$3,683
Mortgage P&I
66%
$2,196
Property Taxes
7%
$217
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365