This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $102k initial cash invested.
-3.38%
Cash On Cash
5.99%
Cap Rate
0.92
DSCR
$3,096
Rent
-$287
Cashflow
Cash Flow
$3,096 income − $3,383 expenses = $287 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$3,383
Mortgage P&I
70%
$2,161
Property Taxes
1%
$28
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341