This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $102k initial cash invested.
-4.6%
Cash On Cash
6.05%
Cap Rate
0.89
DSCR
$3,732
Rent
-$391
Cashflow
Cash Flow
$3,732 income − $4,123 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,990
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,732
Total Expenses
$4,123
Mortgage P&I
61%
$2,260
Property Taxes
5%
$184
Home Insurance
4%
$140
HOA
7%
$270
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411