This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $102k initial cash invested.
-5.64%
Cash On Cash
5.52%
Cap Rate
0.85
DSCR
$3,678
Rent
-$478
Cashflow
Cash Flow
$3,678 income − $4,156 expenses = $478 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
$3,678
Total Expenses
$4,156
Mortgage P&I
59%
$2,168
Property Taxes
9%
$331
Home Insurance
4%
$140
HOA
7%
$267
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405