This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $102k initial cash invested.
-0.75%
Cash On Cash
6.8%
Cap Rate
1.04
DSCR
$3,819
Rent
-$64
Cashflow
Cash Flow
$3,819 income − $3,883 expenses = $64 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%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,819
Total Expenses
$3,883
Mortgage P&I
57%
$2,174
Property Taxes
7%
$265
Home Insurance
4%
$145
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420