This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $102k initial cash invested.
-9.05%
Cash On Cash
4.82%
Cap Rate
0.71
DSCR
$2,685
Rent
-$768
Cashflow
Cash Flow
$2,685 income − $3,453 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,685
Total Expenses
$3,453
Mortgage P&I
84%
$2,263
Property Taxes
5%
$138
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295