This property looks like a bad Mid-Term investment with a projected -1.84% first-year return on $102k initial cash invested.
-1.84%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$3,398
Rent
-$156
Cashflow
Cash Flow
$3,398 income − $3,554 expenses = $156 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%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$3,554
Mortgage P&I
60%
$2,036
Property Taxes
6%
$220
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374