This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $102k initial cash invested.
-4.16%
Cash On Cash
5.95%
Cap Rate
0.9
DSCR
$3,450
Rent
-$354
Cashflow
Cash Flow
$3,450 income − $3,804 expenses = $354 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
$3,450
Total Expenses
$3,804
Mortgage P&I
64%
$2,199
Property Taxes
8%
$291
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380