This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $102k initial cash invested.
-1.12%
Cash On Cash
6.91%
Cap Rate
1.03
DSCR
$4,170
Rent
-$95
Cashflow
Cash Flow
$4,170 income − $4,265 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,170
Total Expenses
$4,265
Mortgage P&I
53%
$2,230
Property Taxes
11%
$477
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459