This property looks like a bad Mid-Term investment with a projected -13.97% first-year return on $102k initial cash invested.
-13.97%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$1,838
Rent
-$1,185
Cashflow
Cash Flow
$1,838 income − $3,023 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,838
Total Expenses
$3,023
Mortgage P&I
120%
$2,210
Property Taxes
3%
$47
Home Insurance
8%
$140
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202