This property looks like a bad Mid-Term investment with a projected -6.29% first-year return on $102k initial cash invested.
-6.29%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$3,362
Rent
-$535
Cashflow
Cash Flow
$3,362 income − $3,897 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,362
Total Expenses
$3,897
Mortgage P&I
65%
$2,190
Property Taxes
13%
$425
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370