This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $102k initial cash invested.
-2.6%
Cash On Cash
6.49%
Cap Rate
0.98
DSCR
$4,224
Rent
-$221
Cashflow
Cash Flow
$4,224 income − $4,445 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,224
Total Expenses
$4,445
Mortgage P&I
52%
$2,217
Property Taxes
15%
$651
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465