This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $102k initial cash invested.
-3.73%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$3,912
Rent
-$316
Cashflow
Cash Flow
$3,912 income − $4,228 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,912
Total Expenses
$4,228
Mortgage P&I
57%
$2,221
Property Taxes
13%
$501
Home Insurance
4%
$140
HOA
1%
$38
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430