This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $102k initial cash invested.
-3.18%
Cash On Cash
6.03%
Cap Rate
0.94
DSCR
$3,606
Rent
-$270
Cashflow
Cash Flow
$3,606 income − $3,876 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,606
Total Expenses
$3,876
Mortgage P&I
59%
$2,137
Property Taxes
10%
$373
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397