This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $102k initial cash invested.
-6.2%
Cash On Cash
5.6%
Cap Rate
0.82
DSCR
$3,123
Rent
-$527
Cashflow
Cash Flow
$3,123 income − $3,650 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,123
Total Expenses
$3,650
Mortgage P&I
73%
$2,268
Property Taxes
6%
$179
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344