This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $102k initial cash invested.
-4.67%
Cash On Cash
5.78%
Cap Rate
0.88
DSCR
$3,474
Rent
-$397
Cashflow
Cash Flow
$3,474 income − $3,871 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,474
Total Expenses
$3,871
Mortgage P&I
63%
$2,183
Property Taxes
11%
$367
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382