This property looks like a bad Mid-Term investment with a projected -0.35% first-year return on $102k initial cash invested.
-0.35%
Cash On Cash
6.9%
Cap Rate
1.07
DSCR
$4,491
Rent
-$30
Cashflow
Cash Flow
$4,491 income − $4,521 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,840
Closing costs
1%
$3,992
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,491
Total Expenses
$4,521
Mortgage P&I
48%
$2,145
Property Taxes
10%
$455
Home Insurance
4%
$187
HOA
5%
$206
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494