This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $102k initial cash invested.
-0.93%
Cash On Cash
6.92%
Cap Rate
1.04
DSCR
$3,980
Rent
-$79
Cashflow
Cash Flow
$3,980 income − $4,059 expenses = $79 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%
$79,820
Closing costs
1%
$3,991
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,980
Total Expenses
$4,059
Mortgage P&I
56%
$2,222
Property Taxes
9%
$344
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438