This property looks like a bad Mid-Term investment with a projected -3.08% first-year return on $102k initial cash invested.
-3.08%
Cash On Cash
5.76%
Cap Rate
0.94
DSCR
$3,214
Rent
-$262
Cashflow
Cash Flow
$3,214 income − $3,476 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,040
Closing costs
1%
$4,002
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,214
Total Expenses
$3,476
Mortgage P&I
64%
$2,054
Property Taxes
6%
$186
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354