This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $102k initial cash invested.
-1.83%
Cash On Cash
6.39%
Cap Rate
0.99
DSCR
$3,592
Rent
-$155
Cashflow
Cash Flow
$3,592 income − $3,747 expenses = $155 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%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$3,747
Mortgage P&I
60%
$2,139
Property Taxes
7%
$265
Home Insurance
3%
$103
HOA
1%
$18
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395