This property looks like a bad Mid-Term investment with a projected -2.24% first-year return on $102k initial cash invested.
-2.24%
Cash On Cash
6.02%
Cap Rate
0.98
DSCR
$3,774
Rent
-$190
Cashflow
Cash Flow
$3,774 income − $3,964 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,774
Total Expenses
$3,964
Mortgage P&I
54%
$2,039
Property Taxes
13%
$502
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415