This property looks like a bad Mid-Term investment with a projected -0.05% first-year return on $102k initial cash invested.
-0.05%
Cash On Cash
7.08%
Cap Rate
1.08
DSCR
$4,288
Rent
-$4
Cashflow
Cash Flow
$4,288 income − $4,292 expenses = $4 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%
$79,960
Closing costs
1%
$3,998
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,288
Total Expenses
$4,292
Mortgage P&I
51%
$2,190
Property Taxes
11%
$467
Home Insurance
3%
$140
HOA
1%
$35
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472