This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $102k initial cash invested.
-0.94%
Cash On Cash
6.25%
Cap Rate
1.04
DSCR
$3,840
Rent
-$80
Cashflow
Cash Flow
$3,840 income − $3,920 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,840
Total Expenses
$3,920
Mortgage P&I
52%
$2,004
Property Taxes
12%
$470
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422