This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $102k initial cash invested.
-1.01%
Cash On Cash
6.26%
Cap Rate
1.03
DSCR
$3,706
Rent
-$86
Cashflow
Cash Flow
$3,706 income − $3,792 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,706
Total Expenses
$3,792
Mortgage P&I
55%
$2,025
Property Taxes
10%
$367
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408