This property looks like a bad Mid-Term investment with a projected -6.41% first-year return on $102k initial cash invested.
-6.41%
Cash On Cash
4.83%
Cap Rate
0.78
DSCR
$2,570
Rent
-$544
Cashflow
Cash Flow
$2,570 income − $3,114 expenses = $544 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,570
Total Expenses
$3,114
Mortgage P&I
80%
$2,047
Property Taxes
2%
$53
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283