This property looks like a bad Mid-Term investment with a projected -5.5% first-year return on $102k initial cash invested.
-5.5%
Cash On Cash
5.25%
Cap Rate
0.83
DSCR
$2,994
Rent
-$467
Cashflow
Cash Flow
$2,994 income − $3,461 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,994
Total Expenses
$3,461
Mortgage P&I
70%
$2,095
Property Taxes
7%
$208
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329