This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $102k initial cash invested.
-9.02%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$3,021
Rent
-$765
Cashflow
Cash Flow
$3,021 income − $3,786 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,021
Total Expenses
$3,786
Mortgage P&I
73%
$2,202
Property Taxes
14%
$412
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332