This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $102k initial cash invested.
-8.47%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$2,942
Rent
-$718
Cashflow
Cash Flow
$2,942 income − $3,660 expenses = $718 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%
$79,780
Closing costs
1%
$3,989
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,942
Total Expenses
$3,660
Mortgage P&I
74%
$2,187
Property Taxes
11%
$332
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324