This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $102k initial cash invested.
-3.73%
Cash On Cash
5.54%
Cap Rate
0.9
DSCR
$2,894
Rent
-$317
Cashflow
Cash Flow
$2,894 income − $3,211 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,894
Total Expenses
$3,211
Mortgage P&I
71%
$2,048
Property Taxes
1%
$39
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318