This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $102k initial cash invested.
-3.8%
Cash On Cash
6.13%
Cap Rate
0.92
DSCR
$3,782
Rent
-$323
Cashflow
Cash Flow
$3,782 income − $4,105 expenses = $323 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%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,782
Total Expenses
$4,105
Mortgage P&I
59%
$2,214
Property Taxes
12%
$466
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416