This property looks like a bad Mid-Term investment with a projected -1.89% first-year return on $102k initial cash invested.
-1.89%
Cash On Cash
6.49%
Cap Rate
0.99
DSCR
$3,578
Rent
-$161
Cashflow
Cash Flow
$3,578 income − $3,739 expenses = $161 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%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,578
Total Expenses
$3,739
Mortgage P&I
61%
$2,182
Property Taxes
6%
$201
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394