This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $102k initial cash invested.
-6.24%
Cash On Cash
5.16%
Cap Rate
0.81
DSCR
$3,164
Rent
-$530
Cashflow
Cash Flow
$3,164 income − $3,694 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,164
Total Expenses
$3,694
Mortgage P&I
67%
$2,123
Property Taxes
11%
$354
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348