This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $102k initial cash invested.
-3.41%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$4,326
Rent
-$290
Cashflow
Cash Flow
$4,326 income − $4,616 expenses = $290 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%
$79,998
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,326
Total Expenses
$4,616
Mortgage P&I
50%
$2,161
Property Taxes
18%
$763
Home Insurance
3%
$140
HOA
2%
$81
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476