This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $102k initial cash invested.
-5.99%
Cash On Cash
5.57%
Cap Rate
0.83
DSCR
$3,364
Rent
-$508
Cashflow
Cash Flow
$3,364 income − $3,872 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,364
Total Expenses
$3,872
Mortgage P&I
66%
$2,224
Property Taxes
11%
$363
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370