This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $102k initial cash invested.
-3.45%
Cash On Cash
5.73%
Cap Rate
0.93
DSCR
$3,818
Rent
-$293
Cashflow
Cash Flow
$3,818 income − $4,111 expenses = $293 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%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,818
Total Expenses
$4,111
Mortgage P&I
54%
$2,048
Property Taxes
16%
$624
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420