This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $102k initial cash invested.
-5.24%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$3,444
Rent
-$445
Cashflow
Cash Flow
$3,444 income − $3,889 expenses = $445 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
$3,444
Total Expenses
$3,889
Mortgage P&I
63%
$2,178
Property Taxes
12%
$400
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379