This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $102k initial cash invested.
-3.4%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$3,712
Rent
-$289
Cashflow
Cash Flow
$3,712 income − $4,001 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,712
Total Expenses
$4,001
Mortgage P&I
58%
$2,163
Property Taxes
12%
$438
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408