This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $102k initial cash invested.
-6.1%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$3,057
Rent
-$519
Cashflow
Cash Flow
$3,057 income − $3,576 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,080
Closing costs
1%
$4,004
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,057
Total Expenses
$3,576
Mortgage P&I
71%
$2,181
Property Taxes
7%
$212
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336