This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $102k initial cash invested.
-11.68%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$2,757
Rent
-$991
Cashflow
Cash Flow
$2,757 income − $3,748 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,757
Total Expenses
$3,748
Mortgage P&I
80%
$2,207
Property Taxes
17%
$464
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303