This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $102k initial cash invested.
-5.68%
Cash On Cash
5.71%
Cap Rate
0.86
DSCR
$4,206
Rent
-$483
Cashflow
Cash Flow
$4,206 income − $4,689 expenses = $483 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
$4,206
Total Expenses
$4,689
Mortgage P&I
53%
$2,218
Property Taxes
20%
$830
Home Insurance
3%
$140
HOA
2%
$71
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463