This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $102k initial cash invested.
-2.11%
Cash On Cash
5.95%
Cap Rate
0.97
DSCR
$3,183
Rent
-$179
Cashflow
Cash Flow
$3,183 income − $3,362 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,183
Total Expenses
$3,362
Mortgage P&I
64%
$2,035
Property Taxes
3%
$106
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350