This property looks like a bad Mid-Term investment with a projected -0.67% first-year return on $102k initial cash invested.
-0.67%
Cash On Cash
7%
Cap Rate
1.05
DSCR
$4,140
Rent
-$57
Cashflow
Cash Flow
$4,140 income − $4,197 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,140
Total Expenses
$4,197
Mortgage P&I
54%
$2,223
Property Taxes
10%
$426
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455