This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $102k initial cash invested.
-2.68%
Cash On Cash
6.33%
Cap Rate
0.96
DSCR
$3,380
Rent
-$228
Cashflow
Cash Flow
$3,380 income − $3,608 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,380
Total Expenses
$3,608
Mortgage P&I
65%
$2,204
Property Taxes
3%
$115
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372