This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $102k initial cash invested.
-3.67%
Cash On Cash
5.76%
Cap Rate
0.91
DSCR
$3,135
Rent
-$312
Cashflow
Cash Flow
$3,135 income − $3,447 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,135
Total Expenses
$3,447
Mortgage P&I
67%
$2,107
Property Taxes
4%
$135
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345