This property looks like a bad Mid-Term investment with a projected -0.39% first-year return on $102k initial cash invested.
-0.39%
Cash On Cash
6.77%
Cap Rate
1.05
DSCR
$3,720
Rent
-$33
Cashflow
Cash Flow
$3,720 income − $3,753 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,720
Closing costs
1%
$3,986
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$3,753
Mortgage P&I
57%
$2,132
Property Taxes
5%
$199
Home Insurance
4%
$144
HOA
0%
$13
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409