This property looks like a bad Mid-Term investment with a projected -5.55% first-year return on $102k initial cash invested.
-5.55%
Cash On Cash
5.13%
Cap Rate
0.83
DSCR
$2,973
Rent
-$472
Cashflow
Cash Flow
$2,973 income − $3,445 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,973
Total Expenses
$3,445
Mortgage P&I
69%
$2,061
Property Taxes
5%
$149
Home Insurance
5%
$140
HOA
3%
$84
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327