This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $102k initial cash invested.
-4.82%
Cash On Cash
5.74%
Cap Rate
0.88
DSCR
$3,417
Rent
-$410
Cashflow
Cash Flow
$3,417 income − $3,827 expenses = $410 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,417
Total Expenses
$3,827
Mortgage P&I
64%
$2,188
Property Taxes
8%
$281
Home Insurance
4%
$140
HOA
2%
$55
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376