This property looks like a bad Mid-Term investment with a projected -0.32% first-year return on $102k initial cash invested.
-0.32%
Cash On Cash
6.73%
Cap Rate
1.05
DSCR
$3,524
Rent
-$27
Cashflow
Cash Flow
$3,524 income − $3,551 expenses = $27 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,700
Closing costs
1%
$3,985
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$3,551
Mortgage P&I
60%
$2,121
Property Taxes
3%
$95
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388