This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $102k initial cash invested.
-1.95%
Cash On Cash
6.36%
Cap Rate
0.99
DSCR
$3,489
Rent
-$166
Cashflow
Cash Flow
$3,489 income − $3,655 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,489
Total Expenses
$3,655
Mortgage P&I
61%
$2,145
Property Taxes
5%
$182
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384