This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $102k initial cash invested.
-1.24%
Cash On Cash
6.98%
Cap Rate
1.03
DSCR
$4,587
Rent
-$105
Cashflow
Cash Flow
$4,587 income − $4,692 expenses = $105 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,587
Total Expenses
$4,692
Mortgage P&I
49%
$2,249
Property Taxes
16%
$744
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$505