This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $102k initial cash invested.
-3.91%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$4,162
Rent
-$332
Cashflow
Cash Flow
$4,162 income − $4,494 expenses = $332 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%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,162
Total Expenses
$4,494
Mortgage P&I
54%
$2,234
Property Taxes
17%
$706
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458