This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $102k initial cash invested.
-4.69%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$3,444
Rent
-$398
Cashflow
Cash Flow
$3,444 income − $3,842 expenses = $398 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
$3,444
Total Expenses
$3,842
Mortgage P&I
64%
$2,188
Property Taxes
10%
$343
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379