This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $102k initial cash invested.
-2.33%
Cash On Cash
6.22%
Cap Rate
0.97
DSCR
$3,546
Rent
-$198
Cashflow
Cash Flow
$3,546 income − $3,744 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,546
Total Expenses
$3,744
Mortgage P&I
60%
$2,129
Property Taxes
8%
$269
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390