This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $102k initial cash invested.
-2.93%
Cash On Cash
5.91%
Cap Rate
0.96
DSCR
$3,972
Rent
-$249
Cashflow
Cash Flow
$3,972 income − $4,221 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,972
Total Expenses
$4,221
Mortgage P&I
52%
$2,059
Property Taxes
17%
$671
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437