This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $102k initial cash invested.
-2.26%
Cash On Cash
6.52%
Cap Rate
0.98
DSCR
$3,696
Rent
-$192
Cashflow
Cash Flow
$3,696 income − $3,888 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,696
Total Expenses
$3,888
Mortgage P&I
60%
$2,217
Property Taxes
7%
$273
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407