This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $102k initial cash invested.
-5.35%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$3,040
Rent
-$455
Cashflow
Cash Flow
$3,040 income − $3,495 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,040
Total Expenses
$3,495
Mortgage P&I
72%
$2,182
Property Taxes
4%
$129
Home Insurance
5%
$140
HOA
0%
$10
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334