This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $102k initial cash invested.
-8.95%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$2,907
Rent
-$759
Cashflow
Cash Flow
$2,907 income − $3,666 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,907
Total Expenses
$3,666
Mortgage P&I
75%
$2,168
Property Taxes
12%
$362
Home Insurance
5%
$140
HOA
0%
$8
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320