This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $102k initial cash invested.
-4.66%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$3,045
Rent
-$396
Cashflow
Cash Flow
$3,045 income − $3,441 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,045
Total Expenses
$3,441
Mortgage P&I
73%
$2,217
Property Taxes
2%
$49
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335