This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $102k initial cash invested.
-4.19%
Cash On Cash
5.39%
Cap Rate
0.88
DSCR
$2,948
Rent
-$356
Cashflow
Cash Flow
$2,948 income − $3,304 expenses = $356 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
$2,948
Total Expenses
$3,304
Mortgage P&I
69%
$2,034
Property Taxes
4%
$128
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324