This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $102k initial cash invested.
-4.95%
Cash On Cash
5.25%
Cap Rate
0.86
DSCR
$3,297
Rent
-$421
Cashflow
Cash Flow
$3,297 income − $3,718 expenses = $421 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,297
Total Expenses
$3,718
Mortgage P&I
62%
$2,038
Property Taxes
13%
$418
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363