This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $102k initial cash invested.
-4.79%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$3,246
Rent
-$407
Cashflow
Cash Flow
$3,246 income − $3,653 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,246
Total Expenses
$3,653
Mortgage P&I
67%
$2,167
Property Taxes
7%
$242
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357