This property looks like a bad Mid-Term investment with a projected -1.02% first-year return on $102k initial cash invested.
-1.02%
Cash On Cash
6.75%
Cap Rate
1.03
DSCR
$3,690
Rent
-$87
Cashflow
Cash Flow
$3,690 income − $3,777 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,060
Closing costs
1%
$4,003
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,690
Total Expenses
$3,777
Mortgage P&I
59%
$2,192
Property Taxes
4%
$143
Home Insurance
4%
$143
HOA
1%
$43
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406